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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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