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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY FUTURES AT LOWER LEVELS

ACCUMULATE LONGS ON DECLINE WITH SL OF 17100 LEVELS???????

* Nifty recovered most of the losses during closing hours to end marginally lower, where it lost by 73.65 points to close at 17241 levels

* Long build is seen at lower levels, where Nifty Futures Open Interest rose by 8.31% with Nifty rising by more than 100 points from its low.

* On the other hand, Long unwinding is seen in the Bank Nifty Futures, where Open Interest fell by 2.5% with Bank Nifty falling by 0.22%.

* Nifty Open Interest Put Call ratio rose to 1.05 level from 0.97 levels. Amongst the Nifty options (13-OCT Expiry), Put writing is seen at 17100-17000 levels, Indicating Nifty is likely to find strong support in the vicinity of 17100 - 17000 levels. On the higher side, an immediate resistance is seen in the vicinity of 17400-17500 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 1316 Cr with their Open Interest going up by 12804 contracts.

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