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F&O HIGHLIGHTS

MINOR SHORT BUILD UP WAS SEEN IN THE NIFTY FUTURES

ACCUMULATE SHORTS ON RISE WITH SL OF 18000 LEVELS???????

* Equities fell from early highs to end the day with significant losses, falling for the second day in a row. The Sensex and Nifty each fell about 0.7 % as a lackof new triggers and subdued global cues weighed on sentiment. The mid-cap space, on the other hand, demonstrated some tenacity. Pharmaceutical andtechnology counters were under duress. Gains were made by some old economy names such as Adani Ports, NTPC, and Power Grid Corp. Auto stocksperformed well as well. Tyre stock prices soared across the board.

* Minor short build up was seen in the Nifty Futures where Open Interest rose by 0.15% with Nifty falling by 0.70%.

* On the other hand, Long unwinding was seen in the Bank Nifty Futures, where Open Interest fell by 6.17% with Bank Nifty falling by 0.47%.

* Nifty Open Interest Put Call ratio fell to 0.95 level from 1.20 levels. Amongst the Nifty options (22-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 of17600-17800 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 944 Cr with their Open Interest going up by 112 contracts.

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