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F&O HIGHLIGHTS

SHORT BUILD UP IS SEEN IN THE NIFTY & BANKNIFTY FUTURES

HOLD SHORTS WITH THE STRICT SL OF 18200 LEVELS???????

* Nifty extended losses throughout the day and ended in the red to close at 17992.15 levels

* Minor short build up is seen in the Nifty Futures where Open Interest rose by 0.3% with Nifty falling by 0.28%.

* Short build up is seen in the Bank Nifty Futures too, where Open Interest rose by 3% with Bank Nifty falling by 0.85%.

* Nifty Open Interest Put Call ratio rose to 0.75 levels from 0.72 levels. Amongst the Nifty options (12-Jan Expiry), Call writing is seen at 18100-18200 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 18100 - 18200 levels. On the lower side, an immediate support is seen in the vicinity of 17900-17800 levels where we have seen Put writing .

* Short covering is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 1479 Cr with their Open Interest down up by 6543 contracts.

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