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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE BANK NIFTY FUTURES

ACCUMULATE LONGS WITH SL OF 18150 LEVELS

* Nifty continued its upward journey for the second day in the row on Monday, where it gained by 86 points to close at 18203 levels

* Short covering is seen in the Nifty Futures where Open Interest fell by 1.5% with Nifty rising by 0.47%.

* On the other hand, Long build up is seen in the Bank Nifty Futures, where Open Interest rose by 10% with Bank Nifty rising by 1%.

* Nifty Open Interest Put Call ratio fell to 1.04 level from 1.12 levels. Amongst the Nifty options (10-Nov Expiry), Put writing is seen at 18000-18100 levels, Indicating Nifty is likely to find strong support in the vicinity of 18000 - 18100 levels. On the higher side, resistance is seen in the vicinity of 18400-18500 levels where we have seen Call writing .

* Minor short build up is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 108 Cr with their Open Interest going up by 6939 contracts.

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