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F&O HIGHLIGHTS

LONG BUILD SEEN IN THE NIFTY & BANK NIFTY FUTURES

HOLD LONGS ON DECLINE WITH SL OF 17200 LEVELS???????

* Nifty ended on a flat note on the back of weak global cues, where it gained marginally by 15 points to close at 17397.50 levels.

* Long build up is seen in the Nifty Futures where Open Interest rose by 2% with Nifty futures rising by 0.16%.

* Long build up is seen in the Bank Nifty Futures too, where Open Interest rose by 4% with Bank Nifty futures rising by 0.5%.

* Nifty Open Interest Put Call ratio fell to 1.05 level from 1.23 levels. Amongst the Nifty options (11-Aug Expiry), Call writing is seen at 17500-17600 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 17500- 17600 levels. On the lower side, an immediate support is seen in the vicinity of 17300-17200 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 902 Cr with their Open Interest going up by 8310 contracts.

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