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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE BANK NIFTY FUTURES

HOLD LONGS WITH SL OF 17100 LEVELS???????

* Nifty witnessed volatile trading activity amid negative global cues, where it ended on a flat note to close at 17345.45 levels

* Short covering is seen in the Nifty Futures where Open Interest fell by 2% with Nifty rising by 0.03%.

* On the other hand, Long build up is seen in the Bank Nifty Futures, where Open Interest rose by 5% with Bank Nifty rising by 0.32%.

* Nifty Open Interest Put Call ratio fell to 1.38 level from 1.49 levels. Amongst the Nifty options (04-Aug Expiry), Call writing is seen at 17500-17600 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 17500 - 17600 levels. On the lower side, an immediate support is seen in the vicinity of 17200-17100 levels where we have seen Put writing .

* Long unwinding is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 2727 Cr with their Open Interest going down by 14668 contracts.

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