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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY FUTURES

ACCUMULATE LONGS ON DECLINE WITH SL OF 17400 LEVELS

* Nifty rebounded sharply from the low and managed to end the day with the gains of 51.70 points at 17563.95 levels

* Long build up is seen in the Nifty Futures where Open Interest rose by 10 % with Nifty rising by 0.30%.

* On the other hand, Short build up is seen in the Bank Nifty Futures, where Open Interest rose by 4.9% with Bank Nifty falling by 0.7%.

* Nifty Open Interest Put Call ratio rose to 1.22 level from 1.13 levels. Amongst the Nifty options (27?OCT Expiry), Put writing is seen at 17400?17300 levels, Indicating Nifty is likely to find strong support in the vicinity of 17400 ? 17300 levels. On the higher side, an immediate resistance is seen in the vicinity of 17600?17700 levels where we have seen Put writing .

* Short build up is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 1785 Cr with their Open Interest going up by 25537 contracts.

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