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F&O HIGHLIGHTS

LONG BUILD UP WAS SEEN IN THE NIFTY & BANK NIFTY FUTURES

ACCUMULATE LONGS WITH SL OF 17900 LEVELS

* The Nifty ended the day with strong gains, tracking firm global market cues. The recent drop in crude oil prices and the falling US Dollar index also aidedbuying. The NSE's sectoral indices all finished in the green. IT, real estate, and public sector banks were in high demand. The S&P BSE Sensex rose 321.99points, or 0.54 %, to 60,115.13. The Nifty 50 index rose 103 points, or 0.58 %. The Sensex has gained 1.84 % in three consecutive sessions, while the Niftyhas gained 1.77 %.

* Long build up was seen in the Nifty Futures where Open Interest rose by 2.49% with Nifty rising by 0.58%.

* Long build up was also seen in the Bank Nifty Futures, where Open Interest rose by 0.96% with Bank Nifty rising by 0.39%.

* Nifty Open Interest Put Call ratio rose to 1.18 level from 1.10 levels. Amongst the Nifty options (15-Sep Expiry), Call writing is seen at 18000 - 18100 levels,Indicating Nifty is likely to find strong resistance in the vicinity of 18000 - 18100 levels. On the lower side, an immediate support is seen in the vicinity of17800-17900 levels where we have seen Put writing .

* Short covering is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 929 Cr with their Open Interest going down by 1718contracts.

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