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F&O HIGHLIGHTS

SHORT BUILD UP WAS SEEN BY FII’S IN INDEX FUTURES

ACCUMULATE SHORT ON RISE WITH SL OF 17800 LEVELS

* On Wednesday, the Nifty ended a volatile session with modest losses, snapping a two-day winning streak. Traders took profits ahead of the critical US Fedmeeting. Except for the Nifty FMCG index, all NSE sectoral indices closed in the red. The benchmark index, the S&P BSE Sensex, fell 262.96 points, or 0.44%, to 59,456.78. The Nifty 50 index fell 97.90 points (0.55%) to 17,718.35.

* Long unwinding was seen in the Nifty Futures where Open Interest fell by 0.34% with Nifty falling by 0.55%.

* Long unwinding was also seen in the Bank Nifty Futures, where Open Interest fell by 9.60% with Bank Nifty falling by 0.64%.

* Nifty Open Interest Put Call ratio fell to 0.95 level from 1.15 levels. Amongst the Nifty options (22-Sep Expiry), Call writing was seen at 17800-17900 levels,Indicating Nifty is likely to find strong resistance in the vicinity of 17800 - 17900 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 was seen by FIIS’ in the Index Futures segment where they net sold worth Rs 1092 Cr with their Open Interest going up by 8472 contracts.

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