IGI Logo

F&O HIGHLIGHTS

PULL BACK IS ON THE CARDS

ACCUMULATE LONGS IN NIFTY BY KEEPING SL OF 15250 LEVELS

* The Nifty ended the day with modest gains, snapping a six-day losing trend. FMCG, financial services, and information technology companies boosted the indexes, while metals, oil and gas, and media stocks underperformed. The Nifty closed over 15,300, having risen from an intraday low of 15,191.10 in the morning trading.

* Short covering was seen in the Nifty Futures where Open Interest fell by 0.28% with Nifty rising by 0.37%.

* On the other hand, short build up was seen in the Bank Nifty Futures where Open Interest rose by 3.39% with Bank Nifty falling by 0.18%.

* Nifty Open Interest Put Call ratio rose 0.81 level from 0.75 levels. Amongst the Nifty options (23-June Expiry), Call writing is seen at 15400-15500 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 15400 - 15500 levels. On the lower side, an immediate support is seen in the vicinity of 15200-15300 levels where we have seen Put writing .

* Short build up was seen by FIIS’ in the Index Futures segment where they net sold worth Rs 18 Cr with their Open Interest going up by 6551 contracts.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795

SEBI Registration number is INZ000171337

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer