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F&O HIGHLIGHTS

LONG BUILD UP WAS SEEN BY FII’S IN INDEX FUTURES

ACCUMULATE LONGS IN NIFTY WITH SL OF 15500 LEVELS

* On Thursday, the Nifty finished with a big rise. After touching a low of 15,367.50 in the afternoon trading, the Nifty 50 index closed above the 15,550. The NSE's weekly index options expired yesterday, causing trading to be turbulent. Except for the Nifty Oil & Gas index, all of the NSE's sectoral indexes finished in the green. Auto and IT stocks were in high demand.

* Short covering was seen in the Nifty Futures where Open Interest fell by 2.22% with Nifty rising by 0.93%.

* Short covering was also seen in the Bank Nifty Futures where Open Interest fell by 2.70% with Bank Nifty rising by 0.88%.

* Nifty Open Interest Put Call ratio rose to 0.98 level from 0.81 levels. Amongst the Nifty options (30-June Expiry), Call writing is seen at 15700-15800 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 15700 - 15800 levels. On the lower side, an immediate support is seen in the vicinity of 15400-15500 levels where we have seen Put writing .

* Long build up was seen by FIIS’ in the Index Futures segment where they net bought worth Rs 853 Cr with their Open Interest going up by 3891 contracts.

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