Nifty Open Interest Put Call ratio fell to 1.12 level from 1.26 levels - HDFC Securities
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F&O HIGHLIGHTS
LONG BUILD UP IS SEEN IN THE NIFTY FUTURES
ACCUMULATE LONGS WITH SL OF 18100 LEVELS
* Nifty broke the two day losing streak on Friday, where it gained by 64 points to close at 18117 levels
* Long build up is seen in the Nifty Futures where Open Interest rose by 2.5% with Nifty rising by 0.42%.
* Long build up is seen in the Bank Nifty Futures at lower levels, where Open Interest rose by 3% with Bank Nifty recovered 200 points during the second half to end flat.
* Nifty Open Interest Put Call ratio fell to 1.12 level from 1.26 levels. Amongst the Nifty options (10-Nov Expiry), Call writing is seen at 18200-18300 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 18200 - 18300 levels. On the lower side, an immediate support is seen in the vicinity of 18000-18100 levels where we have seen Put writing .
* Short build up is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 246 Cr with their Open Interest going up by 6092 contracts.
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