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Nifty Open Interest Put Call ratio fell to 1.25 levels from 1.48 levels.  -  HDFC Securities

F&O HIGHLIGHTS

MINOR LONG UNWINDING IS SEEN IN THE NIFTY FUTURES

HOLD LONGS WITH THE STRICT STOP LOSS OF 18100 LEVELS​​​​​​​

* After a dip on Thursday, Nifty resumed its uptrend on Friday, where it ended flat to close at 18255.7 levels.

* Minor long unwinding is seen in the Nifty Futures where Open Interest fell by 1.1% with Nifty marginally falling by 0.01%.

* Minor short build up is seen in the Bank Nifty Futures where Open Interest rose by 0.12% with Bank Nifty falling by 0.26%.

* Nifty Open Interest Put Call ratio fell to 1.25 levels from 1.48 levels. Amongst the Nifty options (20-Jan Expiry), Put writing is seen at 18100-18000 levels, Indicating Nifty is likely to find strong support in the vicinity of 18100 - 18000 levels. On the higher side, an immediate resistance is seen in the vicinity of 18300-18400 levels where we have seen Call writing.

* Long unwinding is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 626 Cr with their Open Interest going down by 6186 contracts. To Sum It up, Minor long unwinding in the Nifty and Minor short build up in the Bank Nifty futures and long unwinding by the FIIS in the Index Futures segment Indicates that one should be cautious for the markets.

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