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F&O HIGHLIGHTS

SHORT COVERING IS SEEN IN THE NIFTY FUTURES

HOLD LONG POSITION WITH SL OF 17300 LEVELS

* Nifty continued its upward journey for the third day in the row, where it gained by 175.15 points to close at 17486.95 levels

* Short covering is seen in the Nifty Futures where Open Interest fell by 8% with Nifty rising by 1.01%.

* Short covering is seen in the Bank Nifty Futures too, where Open Interest fell by 6% with Bank Nifty rising by 1.00%.

* Nifty Open Interest Put Call ratio rose to 1.19 level from 1.11 levels. Amongst the Nifty options (20-Oct Expiry), Call writing is seen at 17600-17700 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 17600 - 17700 levels. On the lower side, an immediate support is seen in the vicinity of 17400-17300 levels where we have seen Put writing .

* Short covering is seen by FIIS’ in the Index Futures segment where they net bought worth Rs 2421Cr with their Open Interest going down by 17924 contracts.

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