Nifty Open Interest Put Call Ratio rise to 1.35 levels from 1.27 levels - HDFC Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/9c9e132cc701d62555d0a0824b06233a.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty Open Interest Put Call Ratio rise to 1.35 levels from 1.27 levels - HDFC Securities
F&O HIGHLIGHTS
LONG BUILD UP WAS SEEN IN THE NIFTY FUTURES
REMAIN BULLISH WITH TRAILING STOP LOSS OF 15600 LEVEL
* Markets ended with strong gains on Thursday, with small and midcap stocks outperforming. Realty stocks rallied while pharma stocks corrected. Global cues were mixed ahead of the release of key US economic data. Banks stocks advanced ahead of the outcome of the Reserve Bank of India's (RBI) bi-monthly monetary policy review on Friday (4 June). Nifty continued its upward journey with the up gap where it gained 114 points to close at 15690 level. Vix is trading at lowest level since Feb 2020 at 15.75 levels.
* Long build up was seen in Nifty Futures’ where Open Interest rose by 4.37% with Nifty rising by 0.73%.
* Short covering was seen in the Bank Nifty Futures, where we have see fall in OI to the extent of 0.59% with Bank Nifty rising by 0.71%.
* Nifty Open Interest Put Call Ratio rise to 1.35 levels from 1.27 levels. Amongst the Nifty options (10-June Expiry), Put writing was seen at 15600 level, Indicating support is at 15600 levels. On the higher side, resistance is seen in the vicinity of 15800-15900 levels where we have seen Call writing.
To Sum It Up, long build up in Nifty futures, short covering in the Bank Nifty Futures & Put writing at 15600 level Indicates that one should remain optimistic for the markets.
Therefore, our advise is to remain bullish with the trailing stop loss of 15600 levels. On the higher side 15800-15900 levels will act as an immediate resistance where Calls have been written
In the Bank Nifty, our advice is to buy on decline with SL of 35500 levels. On the higher side, resistance is seen in the vicinity of 36000-36200 levels.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indiateam57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/munishakhatwal57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/tatapower57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MP Ahammed.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Fintech Pre-budget expectation.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/uttarpradesh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cyberpeace.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
Nifty registers best week in 2 months after rising for 6 consecutive sessions
![Midcap index rose more than the Nifty while Smallcap index rose less even as the advance decline ratio was up at 1.49:1 - HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/75edce1399be6eb60b35089fc7edd6e2.jpg)
![USDINR Sept fut. facing resistance at 82.90, the horizontal line showing multiple tops - HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/8d7e61aba9d23e598971d1fc095f2985.jpg)