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F&O HIGHLIGHTS

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

ACCUMULATE LONGS WITH TRAILING SL OF 16300 LEVELS

* Nifty continued its upward journey for the third day in the row on the despite subdued global cues, where it gained by 62 points to close at 16341 levels

* Long build up is seen in the Nifty Futures where Open Interest rose by 5% with Nifty rising by 0.38%.

* Long build up is seen in the Bank Nifty Futures too, where Open Interest rose by 2% with Bank Nifty rising by 0.89%.

* Nifty Open Interest Put Call ratio remained at 1.35 levels. Amongst the Nifty options (21-July Expiry), Put writing is seen at 16100-16200 levels, Indicating support has shifted upwards to 16100 - 16200 levels. On the higher side, an immediate resistance is seen in the vicinity of 16500-16600 levels where we have seen Call writing .

* Long build up is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 310 Cr with their Open Interest going up by 5503 contracts

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