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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY FUTURES

ACCUMULATE LONGS ON DECLINE IN NIFTY WITH SL OF 17600 LEVELS

* The Nifty ended with strong gains on Tuesday, aided by positive global cues. Better-than-expected domestic inflation data also lifted sentiment. Interestrate sensitive realty, automobile and banking stocks advanced on hopes that easing inflation may limit the pace of rate hikes by the RBI. The Nifty closedabove the 17,800 level

* Long build up was seen in the Nifty Futures where Open Interest rose by 4.34% with Nifty rising by 0.72%.

* On the other hand, Short covering was seen in the Bank Nifty Futures, where Open Interest fell by 5.69% with Bank Nifty rising by 0.51%.

* Nifty Open Interest Put Call ratio rose to 1.26 level from 1.24 levels. Amongst the Nifty options (18-Aug Expiry), Call writing is seen at 16800-17000 levels,Indicating Nifty is likely to find strong resistance in the vicinity of 17900 - 18000 levels. On the lower side, an immediate support is seen in the vicinity of17600-17700 levels where we have seen Put writing .

* Long build up seen by FIIS’ in the Index Futures segment where they net bought worth Rs 225 Cr with their Open Interest going up by 5137 contracts

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