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F&O HIGHLIGHTS

SHORT BUILD UP IS SEEN IN THE NIFTY FUTURES

ACCUMULATE LONGS ON DECLINE WITH SL OF 17950 LEVELS???????

* Nifty continued its downward journey for the second day in the row on the back of weak global cues, where it fell 30 points to close at 18053 levels

* Short build up is seen in the Nifty Futures where Open Interest rose by 3% with Nifty falling by 0.17%.

* On the other hand, long build up is seen in the Bank Nifty Futures, where Open Interest rose by 10% with Bank Nifty rising by 0.37%.

* Nifty Open Interest Put Call ratio rose to 1.19 level from 1.13 levels. Amongst the Nifty options (03-Nov Expiry), Call writing is seen at 18100-18200 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 18100 - 18200 levels. On the lower side, an immediate support is seen in the vicinity of 17900-18000 levels where we have seen Put writing .

* Short build up is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 1008 Cr with their Open Interest going up by 18832 contracts.

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