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F&O HIGHLIGHTS

SGX SUGGESTING GAP DOWN OPENING FOR MARKETS

* The Nifty ended the week with solid gains, snapping a seven-day losing streak. The relief rally occurred after the Reserve Bank of India (RBI) raised thebenchmark repo rate by 50 basis points today, as expected. Positive global cues also aided purchasing. The Nifty finished near 17,100, reversing the day'slow of 16,747.70 in early trade. The NSE's sectoral indices all finished in the green. Metals, banks, and financial stocks all rose. The S&P BSE Sensexincreased 1,016.96 points, or 1.80 %, to 57,426.92. The Nifty 50 index gained 276.25 points, or 1.64 %. Both indices have fallen more than 5.5 % in the lastseven sessions.

* Long built up was seen in the Nifty Futures where Open Interest rose by 6.92%% with Nifty rising by 1.64%.

* On the other hand, short covering was seen in the Bank Nifty Futures, where Open Interest fell by 1.02% with Bank Nifty rising by 2.61%.

* Nifty Open Interest Put Call ratio rose to 1.22 level from 1.02 levels. Amongst the Nifty options (06-Oct Expiry), Call writing is seen at 17100-17200 levels,Indicating Nifty is likely to find strong resistance in the vicinity of 17100 - 17200 levels. On the lower side, an immediate support is seen in the vicinity of16700-16800 levels where we have seen Put writing .

* Long build up was seen by FIIS’ in the Index Futures segment where they net bought worth Rs 756 Cr with their Open Interest going up by 1879 contracts

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