IGI Logo

F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY AND BANK NIFTY FUTURES

ACCUMULATE LONGS ON DECLINE WITH SL OF 15650 LEVELS???????

* Nifty recovered more than 200 points from the low and finally ended the day with the minor losses of 28 points to close at 15752 levels

* Long build up is seen in the Nifty Futures from lower levels where Open Interest rose by 5% with Nifty rising by 250 points from the low.

.* Long build up is seen in the Bank Nifty Futures too where Open Interest rose by 12% with Bank Nifty rising by 0.34%.

* Nifty Open Interest Put Call ratio fell marginally to 1.14 level from 1.16 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 15400-15500 levels where we have seen Put writing .

* Short build up is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 543 Cr with their Open Interest going up by 13913 contracts.

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