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F&O HIGHLIGHTS

SGX IS SUGGESTING GAP DOWN OPENING FOR NIFTY

ACCUMULATE LONGS ON DECLINE WITH SL OF 17400 LEVELS

* On Tuesday, the Nifty wiped out early gains and finished flat. The Nifty 50 index recovered from the day's low of 17,587.65 to close above the 17,650mark. Metals and oil and gas stocks were popular. FMCG, banks, and financials, on the other hand, fell. The S&P BSE Sensex, the barometer index, fell48.99 points, or 0.08 %, to 59,196.99. To 17,655.60, the Nifty 50 index fell 10.20 points, or 0.06 %.

* Minor Short build up was seen in the Nifty Futures where Open Interest rose by 0.03% with Nifty falling by 0.06%.

* On the other hand, Long unwinding up was seen in the Bank Nifty Futures, where Open Interest fell marginally by 0.04% with Bank Nifty falling by 0.35%.

* Nifty Open Interest Put Call ratio fell to 1.05 level from 1.21 levels. Amongst the Nifty options (08-Sep Expiry), Call writing is seen at 17700-17800 levels,Indicating Nifty is likely to find strong resistance in the vicinity of 17700 - 17800 levels. On the lower side, an immediate support is seen in the vicinity of17400-17500 levels where we have seen Put writing .

* Short build up is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 1005 Cr with their Open Interest going up by 1858 contracts.

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