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F&O HIGHLIGHTS

SHORT BUILD UP IS SEEN IN THE NIFTY & BANK NIFTY FUTURES

* On Friday, Nifty started off slightly down, but as the session went on, a big selloff occurred, and it ended up significantly lower with loss of 287.60 points to close at 17604.35 levels

* Huge short build up is seen in the Nifty Futures where Open Interest rose by 12.6% with Nifty falling by 1.66%.

* Huge short build up is seen in the Bank Nifty Futures too, where Open Interest rose by 29% with Bank Nifty falling by 2.35%.

* Nifty Open Interest Put Call ratio fell to 0.74 levels from 0.91 levels. Amongst the Nifty options (02-Feb Expiry), Call writing is seen at 17800-17900 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 17800 - 17900 levels. On the lower side, an immediate support is seen in the vicinity of 17600-17500 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 3073 Cr with their Open Interest going up by 18979 contracts.

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