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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE BANK NIFTY FUTURES

ACCUMULATE LONGS ON DECLINE WITH SL OF 17600 LEVELS???????

* After starting the day on a sour note, Nifty experienced a volatile trading session, falling significantly in the afternoon. However, the majority of the losses were made up for in the second half, and we finally ended the day higher by 44.60 points to close at 17648.95.

* Short covering is seen in the Nifty Futures where Open Interest fell by 3.4% with Nifty rising by 0.31%.

* Long build up is seen in the Bank Nifty Futures, where Open Interest rose by 9% with Bank Nifty rising by 0.11%.

* Nifty Open Interest Put Call ratio rose to 0.77 levels from 0.74 levels. Amongst the Nifty options (02-Feb Expiry), Put writing is seen at 17600-17500 levels, Indicating Nifty is likely to find strong support in the vicinity of 17600 - 17500 levels. On the higher side, an immediate resistance is seen in the vicinity of 17800-17900 levels where we have seen Call writing .

* Short build up is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 1607 Cr with their Open Interest going up by 241 contracts.

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