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Nifty Open Interest Put Call ratio fell to 1.30 levels from 1.38 levels - HDFC Securities

F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY FUTURES

REMAIN BULLISH WITH STOP LOSS OF 15000

* Nifty witnessed a sideway action through out the day and ended flat to close at 15197.70.

* Minor long build up is seen in Nifty Futures’ where Open Interest rose by 1% with Nifty rising by 0.15%.

* Short covering was seen in the Bank Nifty Futures, where we have seen 3% fall in the Open Interest with Bank Nifty rising by 1%.

* Nifty Open Interest Put Call ratio fell to 1.30 levels from 1.38 levels. Amongst the Nifty options (27-May), Put writing was seen 15100-15000 levels, Indicating 15000 level to act as a support going forward. On the higher side, immediate resistance is seen around 15300-15400 level where calls have been written.

* Long unwinding was seen by FIIS’ in the Index Futures segment where they net sold worth Rs 370 Cr with their Open Interest going down by 4378 contracts

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