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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN THE NIFTY FUTURES

* Nifty recovered sharply from the lows and ended higher, where it gained by 86.80 points to close at 17577.50 levels

* Long build up is seen in the Nifty Futures where Open Interest rose by 2.4% with Nifty rising by 0.50%.

* On the other hand, Short covering is seen in the Bank Nifty Futures, where Open Interest fell by 0.9% with Bank Nifty rising by 1.16%.

* Nifty Open Interest Put Call ratio rose to 0.98 level from 0.79 levels. Amongst the Nifty options (25-Aug Expiry), Put writing is seen at 17500-17400 levels, Indicating Nifty is likely to find strong support in the vicinity of 17500 - 17400 levels. On the higher side, an immediate resistance is seen in the vicinity of 17600-17700 levels where we have seen Call writing .

* Short build up is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 110 Cr with their Open Interest going up by 881 contracts.

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