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F&O HIGHLIGHTS

SHORT BUILD UP IS SEEN IN THE NIFTY AND BANKNIFTY FUTURES

GO SHORT IN NIFTY WITH SL OF 17700 LEVELS

* Nifty continued its downward journey for the second day in the row, where it fell by 89 points to close at 17630 levels

* Short build up is seen in the Nifty Futures where Open Interest rose by 10% with Nifty falling by 0.50%.

* Short build up is seen in the Bank Nifty Futures too, where Open Interest rose by 10% with Bank Nifty falling by 1.4%.

* Nifty Open Interest Put Call ratio fell to 0.92 level from 0.95 levels. Amongst the Nifty options (29-Sept Expiry), Call writing is seen at 17700-17800 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 17700 - 17800 levels. On the lower side, an immediate support is seen in the vicinity of 17400-17500 levels where we have seen Put writing .

* Short build up is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 2438 Cr with their Open Interest going up by 29503 contracts

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