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Nifty recovered more than 100 points from the morning low and finally ended - HDFC Securities 

F&O HIGHLIGHTS

LONG BUILD UP WAS SEEN IN THE NIFTY FUTURES

ACCUMULATE LONG POSITIONS ON DECLINE WITH SL OF 15000

* Nifty recovered more than 100 points from the morning low and finally ended the day with the gains of 67 points to close at 15173 levels.

* Long build up was seen in Nifty Futures’ where Open Interest rose by 2% with Nifty rising by 0.44%.

* On the other hand, minor short build up was seen in the Bank Nifty Futures, where we have seen 4% rise in the Open Interest with Bank Nifty falling by 0.1%.

* Nifty Open Interest Put Call Ratio rose to 1.36 levels from 1.30 levels. Amongst the Nifty options (18-Feb Expiry), Put writing was seen at 15000-15100 levels, Indicating 15000 level will act as a strong support. On the higher side, resistance is seen in the vicinity of 15200-15300 levels where we have seen Call writing.

* Minor long build up was seen by FIIS’ in the Index Futures segment where they net bought worth Rs 2 Cr with their Open Interest going up by 3959 contracts.

To Sum It Up, Long build up in the Nifty Futures and Rise in the Nifty Open Interest Put Call ratio on the back of Put writing at 15000-15100 levels Indicates that one should continue to remain bullish for the markets Therefore, our advise is accumulate long positions on decline with the stop loss of 15000 levels.

On the higher side 15200-15300 level will act as a resistance where Calls have been written In the Bank Nifty, our advice is to buy on decline around 35500 with the stop loss of 35000 levels. On the higher side, resistance is seen in the vicinity of 36000-36300 levels.

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