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F&O HIGHLIGHTS

SHORT BUILD WAS SEEN IN NIFTY & BANK NIFTY FUTURE’S

CREATE SHORT POSITIONS ON RISE IN NIFTY & BANK NIFTY​​​​​​​

* The Nifty fell for the fifth consecutive session on Thursday. After rising above the 15,800 mark, the Nifty fell during the day and finished below the 15,400 level. Metals, automobiles, banks, and financials were the most heavily sold. Trading was volatile due to the expiry of weekly index options on the NSE today.

* Short build up was seen in the Nifty Futures where Open Interest rose by 5.17% with Nifty falling by 2.11%.

* Short build up was also seen in the Bank Nifty Futures where Open Interest rose by 11.23% with Bank Nifty falling by 2.17%.

* The Nifty Open Interest Put Call ratio is presently at 0.60, an extreme oversold level that has fallen from 0.75. Amongst the Nifty options (23-June Expiry), Call writing is seen at 15500-15600 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 15500 - 15600 levels. On the lower side, an immediate support is seen in the vicinity of 15200 - 15300 levels where we have seen Put writing .

* Short build up was also seen by FIIS’ in the Index Futures segment where they net sold worth Rs 1529 Cr with their Open Interest going up by 26532 contracts.

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