IGI Logo

F&O HIGHLIGHTS

SHORT BUILD UP WAS SEEN IN THE NIFTY FUTURES

ACCUMULATE SHORTS WITH SL OF 18300 LEVELS

* Nifty after a flat start accelerated the downfall in the last half hour and ended in the negative. At close Nifty closed 0.47% or 85.7 points lower at 18105.3

* Short build up was seen in the Nifty Futures where Open Interest rose by 1.55% with Nifty falling by 0.47%.

* Long unwinding was seen in the Bank Nifty Futures, where Open Interest fell by 0.74% with Bank Nifty falling by 0.61%.

* Nifty Open Interest Put Call ratio fell to 0.88 levels from 1.41 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 of18000-18100 levels where we have seen Put writing .

* Short build up was seen by FIIS’ in the Index Futures segment where they net sold worth Rs 1310 Cr with their Open Interest going up by 10321 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