IGI Logo

F&O HIGHLIGHTS

SHORT BUILD UP IS SEEN IN THE NIFTY & BANKNIFTY FUTURES

HOLD LONGS WITH THE STRICT SL OF 18100 LEVELS

* Nifty extended losses throughout the session and ended in the red to close at 18042.50 levels

* Short build up is seen in the Nifty Futures where Open Interest rose by 3.6% with Nifty falling by 1.04%.

* Short build up is seen in the Bank Nifty Futures too, where Open Interest rose by 3% with Bank Nifty falling by 1.07%.

* Nifty Open Interest Put Call ratio fell to 0.72 levels from 1.06 levels. Amongst the Nifty options (05-Jan Expiry), Call writing is seen at 18200-18300 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 18200 - 18300 levels. On the lower side, an immediate support is seen in the vicinity of 18000-17900 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 2605 Cr with their Open Interest going up by 16589 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