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F&O HIGHLIGHTS

PUT WRITING WAS SEEN AT 18500 – 18600 LEVELS

ACCUMULATE LONG WITH SL OF 18600 LEVELS.

* Nifty ended flat on June 06 after a volatile session. At close, Nifty was up 0.03% or 5.2 points at 18599. Broad market indices rose 0.3-0.4% even as theadvance decline ratio remained positive at 1.26:1. A gauge of Indian IT stocks declined the most in seven weeks after a U.S.-based peer – EPAM Systemscut its revenue growth forecast, warning of a slowdown in dealmaking.

* Long unwinding was seen in the Nifty Futures where Open Interest fell by 3.06% with Nifty Future falling marginally by 0.13%.

* Minor Long build up was seen in Bank Nifty Futures where Open Interest rose by 0.29% with Bank Nifty Future rising by 0.05%.

* Nifty Open Interest Put Call ratio rose to 1.01 levels from 1 levels. Amongst the Nifty options (08-June Expiry), Put writing is seen at 18500-18600 levels,Indicating Nifty is likely to find strong support in the vicinity of 18500 - 18600 levels. On the higher side, an immediate resistance is seen in the vicinity of18700-18800 levels where we have seen Call writing .

* Long unwinding is seen by FIIs’ in the Index Futures segment where they net sold worth Rs 920 Cr with their Open Interest going down by 16365 contracts.

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