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F&O HIGHLIGHTS

PCR IS AT OVERSOLD LEVEL

ACCUMULATE LONGS IN NIFTY WITH SL OF 15650 LEVELS

* The Nifty ended with minor losses following a volatile session on Tuesday, extending its losing skid to three sessions in a row. The Nifty ended below 15,750 after reaching a high of 15,858 in mid-morning session. Oil and gas, car, and bank stocks all fell, while metal and pharmaceutical sectors rose.

* Long unwinding was seen in the Nifty Futures where Open Interest fell by 0.56% with Nifty falling by 0.27%.

* Long unwinding was also seen in the Bank Nifty Futures where Open Interest fell by 3.25% with Bank Nifty falling by 0.28%.

* Nifty Open Interest Put Call ratio rose to 0.73 level from 0.70 levels. Amongst the Nifty options (16-June Expiry), Call writing is seen at 15800-15900 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 15800 - 15900 levels. On the lower side, an immediate support is seen in the vicinity of 15500-15600 levels where we have seen Put writing .

* Short build up was seen by FIIS’ in the Index Futures segment where they net sold worth Rs 342 Cr with their Open Interest going up by 1046 contracts.

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