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F&O HIGHLIGHTS

LONG UNWINDING IS SEEN IN THE NIFTY AND BANK NIFTY FUTURES

ACCUMULATE LONGS ON DECLINE WITH SL OF 15800 LEVELS

* Nifty fell nearly two hundred point from the intraday high on the back of profit booking mainly in Banking and OIL/Gas stocks and finally ended the day with the losses of 92 points to close at 15967 levels

* Long unwinding is seen in the Nifty Futures where Open Interest fell by 1% with Nifty falling by 0.57%.

* Long unwinding is seen in the Bank Nifty Futures too, where Open Interest fell by 7% with Bank Nifty falling by 0.87%.

* Nifty Open Interest Put Call ratio fell to 0.78 level from 0.85 levels. Amongst the Nifty options (14-July Expiry), Call writing is seen at 16000-16100 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 16000 - 16100 levels. On the lower side, an immediate support is seen in the vicinity of 15800-15900 levels where we have seen Put writing .

* Short covering is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 566 Cr with their Open Interest going down by 14913 contracts.

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