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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY FUTURES

ACCUMULATE LONGS ON DECLINE WITH SL OF 18000 LEVELS

* Nifty continued its upward journey for the fourth day in the row, where it gained by 133 points to close at 18145 levels

* Long build up is seen in the Nifty Futures where Open Interest rose by 5% with Nifty rising by 0.74%.

* On the other hand, Minor short build up is seen in the Bank Nifty Futures, where Open Interest rose by 2% with Bank Nifty falling by 0.04%.

* Nifty Open Interest Put Call ratio fell to 1.31 level from 1.32 levels. Amongst the Nifty options (03-Nov Expiry), Call writing is seen at 18300-18400 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 18300 - 18400 levels. On the lower side, an immediate support is seen in the vicinity of 18000-18100 levels where we have seen Put writing .

* Long build up is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 949 Cr with their Open Interest going up by 15629 contracts.

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