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F&O HIGHLIGHTS

LONG BUILD UP WAS SEEN IN BANK NIFTY FUTURE’S

ACCUMULATE LONGS IN NIFTY WITH SL OF 15200 LEVELS​​​​​​​

* After a tumultuous session on Friday, the Nifty concluded with minor losses. The Nifty finished just below 15,300 after trading between 15,183.40 and 15,400.40 intraday. Investors were concerned that aggressive interest rate rises implemented by global central banks to contain growing inflation may trigger a recession.

* Long unwinding is seen in the Nifty Futures where Open Interest fell by 1.07% with Nifty falling by 0.44%.

* On the other hand, Short covering was seen in the Bank Nifty Futures where Open Interest fell by 8.63% with Bank Nifty rising by 0.39%.

* Nifty Open Interest Put Call ratio fell 0.75 level from 0.76 levels. Amongst the Nifty options (23-June Expiry), Call writing is seen at 15400 - 15500 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 15400 - 15500 levels. On the lower side, an immediate support is seen in the vicinity of 15200 - 15300 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 412 Cr with their Open Interest going up by 2741 contracts.

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