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Short build up was seen in the Bank Nifty Futures - HDFC Securities 

F&O HIGHLIGHTS

MINOR LONG UNWINDING WAS SEEN IN THE NIFTY FUTURES

BE BULLISH WITH SL OF 14800

* Nifty fell more than hundred point and finally ended the day with the losses of 142 point to close at 14938.10 levels.

* Minor Long unwinding was seen in Nifty Futures’ where Open Interest fell by 1% with Nifty falling by 1 %.

* Short build up was seen in the Bank Nifty Futures, where we have seen 7% rise in the Open Interest with Bank Nifty falling by 2%.

* Nifty Open Interest Put Call Ratio fell to 1.12 levels from 1.39 levels. Amongst the Nifty options (10-Mar Expiry), Call writing was seen 15000 levels, Indicating 15000-15100 level will act as a resistance. On the lower side, support is seen around 14800 levels where we have seen Put writing

* Long buildup was seen by FIIS’ in the Index Futures segment where they net bought worth Rs 68 Cr with their Open Interest going up by 8939 contracts.

To Sum It Up, Minor long unwinding in the Nifty Futures, and long build up by the FIIs’ in the Index Futures segment Indicates that one should remain bullish for the markets

Therefore, our advise is remain bullish with the stop loss of 14800 levels. On the higher side 15000-15200 level will act as a resistance where Calls have been written

In the Bank Nifty, our advice is to remain bullish with the stop loss of 35000 levels. On the higher side, resistance is seen in the vicinity of 36200-36500 levels.

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