Nifty fell more than hundred point from the intraday high and finally ended - HDFC Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/03/78da2543ad9b054d37fe500d264e8eab.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty fell more than hundred point from the intraday high and finally ende - HDFC Securities
LONG UNWINDING WAS SEEN IN THE NIFTY FUTURES
BE BEARISH WITH SL OF 15200
* Nifty fell more than hundred point from the intraday high and finally ended the day with the losses of 143 point to close at 15030 levels.
* Long unwinding was seen in Nifty Futures’ where Open Interest fell by 1% with Nifty falling by 0.95%.
* Massive Short build up was seen in the Bank Nifty Futures, where we have seen 11% rise in the Open Interest with Bank Nifty falling by 1.23%.
* Amongst the Nifty options (18-Feb Expiry), Call writing was seen at 15200-15300 levels, Indicating 15200-15300 levels will act as a strong resistance. On the lower side, support is seen around 15000 where we have seen Put writing.
* Long unwinding was seen by FIIS’ in the Index Futures segment where they net sold worth Rs 586 Cr with their Open Interest going down by 2457 contracts.
To Sum It Up, Long unwinding in the Nifty, Short build up in Bank Nifty Futures and long unwinding by the FIIs’ in the Index Futures segment Indicates that one should remain cautious for the markets
Therefore, our advise is remain bearish with the stop loss of 15200 levels On the lower side 15000-14900 levels will act as a support where Puts have been written
In the Bank Nifty, our advice is to remain bearish with the stop loss of 36400 level. On the lower side, support is seen in the vicinity of 35000-34800 levels.
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
![](https://portfolio.investmentguruindia.com/uploads/news/Economy 12345.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Footwear_1236.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Economy_NBFC.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Adani port.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/shriram finance logo.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Pharma_101.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Health Insurance_487.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/World Bank_04Apr.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Investment 15.10.2023.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/cybersecret.jpg)
Top News
![](https://portfolio.investmentguruindia.com//uploads/news/Astrology.jpg)
Astro Zindagi (Weekly Horoscope)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
Nifty registers best week in 2 months after rising for 6 consecutive sessions
![Midcap index rose more than the Nifty while Smallcap index rose less even as the advance decline ratio was up at 1.49:1 - HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/75edce1399be6eb60b35089fc7edd6e2.jpg)
![USDINR Sept fut. facing resistance at 82.90, the horizontal line showing multiple tops - HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/8d7e61aba9d23e598971d1fc095f2985.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/f539f68ece69f010546434b5d535d264.jpg)
Market is expected to open on a negative note and likely to witness profit booking during th...
![Nifty managed to hold the key support of 15500 on expected lines - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/09128bd5a49a3659b43f718526f85637.jpg)
![Quote on Nifty : upport is expected at 19300, while resistance is seen at 19600 Says Rupak De, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/3709e50a25fd1cb2af8071a0eb627dc5.jpg)
![Market is expected to open on a flattish note and likely to witness sideways move during the day - Nirmal Bang](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/c7f04c96800d8b31b03ca5d0795847b6.jpg)