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F&O HIGHLIGHTS

PUT WRITING IS SEEN IN THE VICINITY OF 18500-18600 LEVELS

ACCUMULATE LONGS ON DECLINE WITH SL OF 18550 LEVELS.

* Nifty held on to steady gains to end higher on May 29. At close, Nifty was up 0.54% or 99.3 points at 18598.7.

* Muted activity is seen in the Nifty Futures where Open Interest rose by 1% with Nifty rising by 0.54%.

* Muted activity is seen in the Bank Nifty Futures also where Open Interest rose by 0.43% with Bank Nifty rising by 0.67%.

* Nifty Open Interest Put Call ratio fell to 1.33 levels from 1.37 levels. Amongst the Nifty options (01-June Expiry), Put writing is seen at 18500-18600 levels, Indicating Nifty is likely to find strong support in the vicinity of 18500 - 18600 levels. On the higher side, an immediate resistance is seen in the vicinity of 18700-18800 levels where we have seen Call writing .

* Short build up was seen by FIIs’ in the Index Futures segment where they net sold worth Rs 162 Cr with their Open Interest going up by 8107 contracts

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