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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY & BANK NIFTY FUTURES

HOLD LONGS WITH THE TRAILING SL OF 17100 LEVELS

* Nifty continued its upward journey for the fourth day in the row, where it gained by 181.80 points to close at 17340.05 levels.

* Long build up is seen in the Nifty Futures where Open Interest rose by 11% with Nifty rising by 1.06%.

* Long build up is also seen in the Bank Nifty Futures, where Open Interest rose by 14% with Bank Nifty rising by 1.10%.

* Nifty Open Interest Put Call ratio rose to 1.49 level from 1.36 levels. Amongst the Nifty options (04-Aug Expiry), Put writing is seen at 17200-17100 levels, Indicating Nifty is likely to find strong support in the vicinity of 17200 - 17100 levels. On the higher side, an immediate resistance is seen in the vicinity of 17500-17600 levels where we have seen Calls writing .

* Long build up is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 2095 Cr with their Open Interest going up by 27008 contracts.

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