IGI Logo

F&O HIGHLIGHTS

PUT WRITING WAS SEEN AT 18700-18800 LEVELS

ACCUMULATE LONGS WITH SL OF 18750 LEVELS.

* Nifty showed a smart recovery on June 20 from morning weakness to end in the positive. At close, Nifty was up 0.33% or 61.25 points at 18816.7. Volumeson the NSE were on the higher side. Broad market indices rose a little more than the Nifty even as the advance decline ratio recovered to 1.37:1.

* Short covering was seen in the Nifty Futures where Open Interest fell by 1.54% with Nifty rising by 0.33%. ? Long build up was seen in the Bank Nifty Futures where Open Interest rose by 1.86% with Bank Nifty rising by 0.30%.

* Nifty Open Interest Put Call ratio rose to 1.16 levels from 0.98 levels. Amongst the Nifty options (22-June Expiry), Put writing is seen at 18700-18800levels, Indicating Nifty is likely to find strong support in the vicinity of 18700 - 18800 levels. On the higher side, an immediate resistance is seen in thevicinity of 18900-19000 levels where we have seen Call writing .

* Short covering was seen by FIIs’ in the Index Futures segment where they net bought worth Rs 370 Cr with their Open Interest going down by 5106contracts.

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