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F&O HIGHLIGHTS

SGX IS SUGGESTING GAP UP OPENING

CREATE LONGS ABOVE 18000 LEVELS WITH STOP LOSS OF 17900

* Nifty continued its downward journey for the third consecutive session and ended lower by 37.50 points to close at 17858.20 levels.

* Short build up is seen in the Nifty Futures where Open Interest rose by 2% with Nifty falling by 0.21%.

* Short build up is seen in the Bank Nifty Futures too, where Open Interest rose by 2% with Bank Nifty falling by 0.36%.

* Nifty Open Interest Put Call ratio rose to 0.77 levels from 0.75 levels. Amongst the Nifty options (12-Jan Expiry), PUT writing is seen at 17900-17800 levels, Indicating Nifty is likely to find strong support in the vicinity of 17900 - 17800 levels. On the higher side, an immediate resistance is seen in the vicinity of 18000-18100 levels where we have seen Put writing .

* Short build up is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 556 Cr with their Open Interest up by 409 contracts.

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