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F&O HIGHLIGHTS

LONG BUILD UP WAS SEEN IN NFTY AND BANK NIFTY FUTURES

ACCUMULATE LONGS WITH SL OF 18600 LEVELS.

* Nifty ended marginally in the positive after a highly volatile trade on June 02. At close, Nifty was up 0.25% or 46.4 points at 18534.1.

* Long build up was seen in the Nifty Futures where Open Interest rose by 2.77% with Nifty rising by 0.25%.

* Long build up was seeN in Bank Nifty Futures also where Open Interest rose by 2.11% with Bank Nifty rising by 0.34%.

* Nifty Open Interest Put Call ratio fell to 0.95 levels from 1 levels. Amongst the Nifty options (08-June Expiry), Put writing is seen at 18400-18500 levels,Indicating Nifty is likely to find strong support in the vicinity of 18400 - 18500 levels. On the higher side, an immediate resistance is seen in the vicinity of18700-18800 levels where we have seen Call writing .

* Long build up was seen by FIIs’ in the Index Futures segment where they net bough worth Rs 476 Cr with their Open Interest going up by 7311 contracts.

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