Short Build Up is seen in the Nifty and Bank Nifty Futures - HDFC Securities
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F&O HIGHLIGHTS
SHORT BUILD UP IS SEEN IN THE NIFTY AND BANK NIFTY FUTURES
SGX SUGGESTING HIGHER OPENING
* Nifty fell for the second consecutive session on Feb 13 dragged down by weak Asian cues. At close, Nifty was down 0.48% or 85.6 points at 17770.9
* Short build up is seen in the Nifty Futures where Open Interest rose by 4% with Nifty falling by 0.48%.
* Short build up is seen in the Bank Nifty Futures, where Open Interest rose by 9% with Bank Nifty falling by 0.67%.
* Nifty Open Interest Put Call ratio fell to an oversold level of 0.83 levels from 1.05 levels. Amongst the Nifty options (16-Feb Expiry), Call writing is seen at 17900-18000 levels, Indicating Nifty is likely to find strong resistance in the vicinity of 17900 - 18000 levels. On the lower side, an immediate support is seen in the vicinity of 17600-17700 levels where we have seen Put writing .
* Short covering is seen by FIIs’ in the Index Futures segment where they net bought worth Rs 66 Cr with their Open Interest going down by 376 contracts.
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