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F&O HIGHLIGHTS

SHORT COVERING IS SEEN BY FIIS IN THE INDEX FUTURES SEGMENT

ACCUMULATE LONGS WITH SL OF 15700 LEVELS???????

* Nifty fell more than 200 points from the intraday high, mainly on the back of weak European markets and U.S. Futures and ended the day with the losses of 25 points to close at 15811 levels

* Short build up is seen in the Nifty Futures where Open Interest rose by 2% with Nifty falling by 0.15%.

* On the other hand, long unwinding is seen in the Bank Nifty Futures where Open Interest fell by 10% with Bank Nifty falling by 0.37%.

* Nifty Open Interest Put Call ratio fell 0.93 level from 1.10 levels. Amongst the Nifty options (07-July Expiry), Call writing is seen at 15900-16000 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 15900 – 16000 levels. On the lower side, an immediate support is seen in the vicinity of 15700-15800 levels where we have seen Put writing .

* Short covering is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 922 Cr with their Open Interest going down by 4998 contracts.

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