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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY FUTURES - HDFC Securities 

ACCUMULATE LONGS ON DECLINE WITH SL OF 15600 LEVELS

* Nifty continued its winning streak for the fourth day in the row, where Nifty recovered more than one fifty points from the low and finally ended the day with the gains of 18 points to close at 15850 levels

* Long build up is seen in the Nifty Futures, where Open Interest rose by 10% with Nifty rising by 0.11%.

* On the other hand, Long unwinding is seen in the Bank Nifty Futures, where Open Interest fell by 0.4% with Bank Nifty falling by 0.5%.

* Nifty Open Interest Put Call ratio fell to 0.98 level from 1.03 levels. Amongst the Nifty options (30-June Expiry), Call writing is seen at 15800-15900 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 15800 - 15900 levels. On the lower side, an immediate support is seen in the vicinity of 15500-15600 levels where we have seen Put writing .

* Long build up is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 84 Cr with their Open Interest going up by 7604 contracts.

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