Nifty Open Interest Put Call ratio rose sharply to 1.22 levels - HDFC Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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.
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
Tag News
Nifty registers best week in 2 months after rising for 6 consecutive sessions
