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F&O HIGHLIGHTS

SHORT BUILD UP IS SEEN IN THE NIFTY FUTURES

CREATE SHORT POSITION ON RISE WITH SL OF 17100 LEVELS

* Nifty tanked sharply in the final hour , where it lost 257.45 points to close at 16983.55 levels

* Short build up is seen in the Nifty Futures where Open Interest rose by 2.56% with Nifty falling by 1.49%.

* On the other hand, Long unwinding is seen in the Bank Nifty Futures, where Open fell by 3% with Bank Nifty falling by 0.97%.

* Nifty Open Interest Put Call ratio fell to 0.72 level from 1.05 levels. Amongst the Nifty options (13-Oct Expiry), Call writing is seen at 17000-17100 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 17000 - 17100 levels. On the lower side, an immediate support is seen in the vicinity of 16900-16800 levels where we have seen Put writing .

* Long unwinding is seen by FIIS’ in the Index Futures segment where they net sold worth Rs 1015 Cr with their Open Interest going down by 154 contracts.

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