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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY FUTURES

ACCUMULATE LONGS WITH SL OF 18250 LEVELS.

* Nifty managed to end in the green on May 10 aided by last hour buying. At close, Nifty was up 0.27% or 49.15 points at 18315.1

* Long build up is seen in the Nifty Futures, where Open Interest rose by 1% with Nifty rising by 0.27%.

* On the other hand, Short covering is seen in the Bank Nifty Futures, where Open Interest fell by 2% with Bank Nifty rising by 0.31%.

* Nifty Open Interest Put Call ratio rose to 1.11 levels from 1 levels. Amongst the Nifty options (11-May Expiry), Put writing is seen at 18200-18300 levels, Indicating Nifty is likely to find strong support in the vicinity of 18200 - 18300 levels. On the higher side, an immediate resistance is seen in the vicinity of 18400-18500 levels where we have seen Call writing .

* Long build up was seen by FIIs’ in the Index Futures segment where they net bought worth Rs 321 Cr with their Open Interest going up by 5243 contracts

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