Long Build Up Is Seen InThe Nifty Futures - HDFC Securities
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.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
