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F&O HIGHLIGHTS

SHORT BUILD UP IS SEEN IN THE NIFTY FUTURES

GO LONG IF NIFTY SUSTAINS ABOVE 16100 LEVELS???????

* Nifty fell sharply on the back of weak global cues, where it fell by 158 points to close at 16058 levels

* Short build up is seen in the Nifty Futures where Open Interest rose by 2% with Nifty falling by 0.97%.

* On the other hand, long unwinding is seen in the Bank Nifty Futures, where Open Interest fell by 9% with Bank Nifty falling by 0.95%.

* Nifty Open Interest Put Call ratio fell to 0.85 level from 1.21 levels. Amongst the Nifty options (14-July Expiry), Call writing is seen at 16100-16200 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 16100 - 16200 levels. On the lower side, an immediate support is seen in the vicinity of 15900-16000 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 2815 Cr with their Open Interest going up by 24681 contracts.

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