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F&O HIGHLIGHTS

LONG UNWINDING IS SEEN IN THE NIFTY FUTURES

ACCUMULATE LONGS ON DECLINE WITH SL OF 17900 LEVELS

* Nifty broke its four day winning streak ahead of the FOMC meet, where it fell 63 points to close at 18083 levels ? Long unwinding is seen in the Nifty Futures where Open Interest fell by 6% with Nifty falling by 0.34%.

* On the other hand, short build up is seen in the Bank Nifty Futures, where Open Interest rose by 3% with Bank Nifty falling by 0.35%.

* Nifty Open Interest Put Call ratio fell to 1.13 level from 1.31 levels. Amongst the Nifty options (03-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 17800-18000 levels where we have seen Put writing .

* Long unwinding is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 629 Cr with their Open Interest going down by 12311 contracts.

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