IGI Logo

F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY FUTURES

ACCUMULATE LONGS ON DECLINE WITH SL OF 18100 LEVELS

* Nifty experienced a volatile trading day after beginning the session on a negative note. Nifty finally ended the day with gains of 35.10 points to close at 18232.55 levels

* Long build up is seen in the Nifty Futures where Open Interest rose by 3% with Nifty rising by 0.19%.

* Long build up is seen in the Bank Nifty Futures too, where Open Interest rose by 5.3% with Bank Nifty rising by 0.51%.

* Nifty Open Interest Put Call ratio rose to 1.06 levels from 1.02 levels. Amongst the Nifty options (05-JAN Expiry), Put writing is seen at 18200-18100 levels, Indicating Nifty is likely to find strong Support in the vicinity of 18200 - 18100 levels. On the higher side, an immediate support is seen in the vicinity of 18400-18500 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 666 Cr with their Open Interest going up by 8735 contracts.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795

SEBI Registration number is INZ000171337

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer