Nifty Open Interest Put Call ratio fell to 0.98 from 1.14 levels - HDFC Securities
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F&O HIGHLIGHTS
LONG UNWINDING IS SEEN IN THE BANK NIFTY FUTURES
HOLD LONGS WITH SL OF 18200 LEVELS???????
* Nifty witnessed profit booking during last session, where it fell by 65.75 points to close at 18343.90 levels
* Short build up is seen in the Nifty Futures where Open Interest rose by 0.36% with Nifty falling by 0.7%.
* On the other hand, Long unwinding is seen in the Bank Nifty Futures, where Open Interest fell by 4.8% with Bank Nifty falling by 0.11%.
* Nifty Open Interest Put Call ratio fell to 0.98 from 1.14 levels. Amongst the Nifty options (24-Nov Expiry), Call writing is seen at 18400-18500 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 18400 - 18500 levels. On the lower side, an immediate support is seen in the vicinity of 18300-18200 levels where we have seen Put writing .
* Long unwinding up is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 1864 Cr with their Open Interest down up by 408 contracts.
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