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F&O HIGHLIGHTS

CALL WRITING WAS SEEN IN BETWEEN 18800 – 18900 LEVELS

ACCUMULATE SHORTS WITH SL OF 18900 LEVELS???????

* Nifty recovered its early losses on Dec 05 to close almost flat (+0.03% or 4.9 points at 18701). Mixed global cues resulted in see-saw movement in theNifty. Small cap index outperformed the Nifty. Cyclical sectors were in favour while defensives corrected

* Minor short covering was seen in the Nifty Futures where Open Interest fell by 0.72% with Nifty rising marginally by 0.03%.

* Nifty Open Interest Put Call ratio fell to 0.90 levels from 0.94 levels. Amongst the Nifty options (08-Dec Expiry), Call writing is seen at 18800-18900 levels,Indicating Nifty is likely to find strong resistance in the vicinity of 18800 - 18900 levels. On the lower side, an immediate support is seen in the vicinity of18600-18700 levels where we have seen Put writing .

* Short covering was seen by FIIS’ in the Index Futures segment where they net bought worth Rs 240 Cr with their Open Interest going down by 3930contracts.

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