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F&O HIGHLIGHTS

LONG BUILD UP WAS SEEN IN THE BANK NIFTY FUTURES

ACCUMULATE LONGS WITH SL OF 18600 LEVELS???????

* Nifty closed in the positive on Dec 13 after a flat session on Monday. Nifty kept inching up through the day after a higher opening and closed 0.60% or110.9 points higher at 18608. Broad market indices rose less than the Nifty even as the advance decline ratio stayed up at 1.15:1.

* Short covering was seen in the Nifty Futures where Open Interest fell by 1.04% with Nifty rising by 0.60%.

* Long build up was seen in the Bank Nifty Futures, where Open Interest rose by 6.17% with Bank Nifty rising by 0.54%.

* Nifty Open Interest Put Call ratio rose to 1.01 levels from 0.91 levels. Amongst the Nifty options (15-Dec Expiry), Call writing is seen at 18800-18900 levels,Indicating Nifty is likely to find strong resistance in the vicinity of 18800 - 18900 levels. On the lower side, an immediate support is seen in the vicinity of18500-18600 levels where we have seen Put writing .

* Long build up was seen by FIIS’ in the Index Futures segment where they net bought worth Rs 557 Cr with their Open Interest going up by 225 contracts.

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