IGI Logo

F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY FUTURES

ACCUMULATE LONGS WITH SL OF 18250 LEVELS.???????

* Nifty rose for the second consecutive day on May 22 helped by rise in Adani companies’ stock prices following the clean chit by Supreme Court in Hindenburg issue and stable Asian markets. At close, Nifty was up 0.61% or 111 points at 18314.4

* Long build up is seen in the Nifty Futures where Open Interest rose by 3% with Nifty rising by 0.61%.

* Long build up is seen in the Bank Nifty Futures from lower levels where Open Interest rose by 4% with Nifty Bank nifty recovering more than 200 points from intraday low to end the day with the losses of by 0.19%.

* Nifty Open Interest Put Call ratio rose to 1.21 levels from 1.01 levels. Amongst the Nifty options (25-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 39 Cr with their Open Interest going up by 10818 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