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F&O HIGHLIGHTS

SHORT BUILD UP IS SEEN IN THE NIFTY FUTURES

CREATE LONGS POSITION IF NIFTY SUSTAINS ABOVE 17100 WITH SL OF 16950 LEVELS

* Nifty ended on a weaker note on the back of weak global cues , where it lost by 207 points to close at 16887.35 levels

* Short build up is seen in the Nifty Futures where Open Interest rose by 6% with Nifty falling by 1.21%.

* Short build up is seen in the Bank Nifty Futures too, where Open Interest rose by 0.03% with Bank Nifty falling by 1.6%.

* Nifty Open Interest Put Call ratio fell to 0.84 level from 1.22 levels. Amongst the Nifty options (06-Oct Expiry), Call writing is seen at 17000-17100 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 17000 - 17100 levels. On the lower side, an immediate support is seen in the vicinity of 16800-16700 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 1170 Cr with their Open Interest going up by 6744 contracts.

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