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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY FUTURES AT LOWER LEVLES

GO LONG IN NIFTY FUTURES ABOVE 16000 LEVELS???????

* Nifty continued its downward journey for the fourth day in the trot on the back of weak global cues, where it fell by 28 points to close at 15939 levels.

* Long build up is seen in the Nifty Futures at lower levels, where Open Interest rose by 5% with Nifty recovering nearly 100 points from the intraday low.

* On the other hand, Short build up is seen in the Bank Nifty Futures, where Open Interest rose by 2% with Bank Nifty falling by 0.51%.

* Nifty Open Interest Put Call ratio rose to 0.90 level from 0.78 levels. Amongst the Nifty options (21-July Expiry), Call writing is seen at 16000 levels, Indicating Nifty is likely to find strong resistance around 16000 levels. On the lower side, an immediate support is seen in the vicinity of 15800-15900 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 602 Cr with their Open Interest going up by 648 contracts.

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