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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY AND BANK NIFTY FUTURES

ACCUMULATE LONGS ON DECLINE WITH SL OF 18200 LEVELS

* Nifty surged on Friday on the back of strong global cues where it gained by 322 points to close at 18350 levels.

* Long build up is seen in the Nifty Futures where Open Interest rose by 2% with Nifty rising by 1.78%.

* Long build up is seen in the Bank Nifty Futures also, where Open Interest rose by 15% with Bank Nifty rising by 1.30%.

* Nifty Open Interest Put Call ratio rose sharply to 1.22 levels. Amongst the Nifty options (17-Nov Expiry), Put writing is seen at 18200-18300 levels, Indicating Nifty is likely to find strong support in the vicinity of 18200 - 18300 levels. On the higher side, an immediate resistance is seen in the vicinity of 18500-18600 levels where we have seen Call writing .

* Long build up is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 2982 Cr with their Open Interest going up by 2064 contracts.

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