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F&O HIGHLIGHTS

SHORT COVERING IS SEEN IN THE NIFTY FUTURES

GO LONG WITH SL OF 17300 LEVELS

* Nifty ended on a stronger note on Tuesday, where it gained by 386.95 points to close at 17274.30 levels

* Short covering is seen in the Nifty Futures where Open Interest fell by 6.5% with Nifty rising by 2.3%.

* Short covering is seen in the Bank Nifty Futures too, where Open Interest fell by 4.9% with Bank Nifty rising by 2.8%.

* Nifty Open Interest Put Call ratio rose to 1.24 level from 0.84 levels. Amongst the Nifty options (06-Oct Expiry), Put writing is seen at 17200-17100 levels, Indicating Nifty is likely to find strong support in the vicinity of 17200 - 17100 levels. On the higher side, an immediate resistance is seen in the vicinity of 17500-17600 levels where we have seen Call writing .

* Short covering is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 3091 Cr with their Open Interest going down by 24591 contracts.

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