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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY FUTURES

HOLD LONGS ON WITH SL OF 17900 LEVELS

Nifty continued its upward journey for the third day in the row, where it gained by 225.40 points to close at 18012.20 levels

Long build up is seen in the Nifty Futures, where Open Interest rose by 5% with Nifty rising by 1.3%.

On the other hand, Short Covering is seen in the Bank Nifty Futures, where Open Interest fell by 0.37% with Bank Nifty rising by 0.77%

Nifty Open Interest Put Call ratio rose to 1.32 level from 1.12 levels. Amongst the Nifty options (03-Nov Expiry), PUT writing is seen at 18000-17900 levels, Indicating Nifty is likely to find strong support in the vicinity of 18000 - 17900 levels. On the higher side, an immediate resistance is seen in the vicinity of 18200-18300 levels where we have seen Call writing

Short covering is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 1553 Cr with their Open Interest going down by 4602 contracts.

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