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F&O HIGHLIGHTS

LONG BUILD UP WAS SEEN IN THE NIFTY FUTURES

ACCUMULATE LONGS ON DECLINE WITH SL OF 17150 LEVELS

* The Nifty advanced on Thursday as traders built positions ahead of the Q2 earnings season, which begins next week. On the looming recession, globalcues were mixed. Metal and real estate stocks rose, while pharma, healthcare, and FMCG stocks fell after recent sharp gains. The S&P BSE Sensexincreased 156.63 points, or 0.27 %, to 58,222.10. The Nifty 50 index increased by 57.50 points, or 0.33 %, to 17,331.80.

* Long build up was seen in the Nifty Futures where Open Interest rose by 5.04% with Nifty rising by 0.33%.

* On the other hand, short covering was seen in the Bank Nifty Futures, where Open Interest fell by 4.11% with Bank Nifty rising by 0.44%.

* Nifty Open Interest Put Call ratio fell to 1.06 level from 1.24 levels. Amongst the Nifty options (13-Oct Expiry), Call writing is seen at 17400-17500 levels,Indicating Nifty is likely to find strong resistance in the vicinity of 17400 - 17500 levels. On the lower side, an immediate support is seen in the vicinity of17000-17100 levels where we have seen Put writing .

* Short build up was seen by FIIS’ in the Index Futures segment where they net sold worth Rs 175 Cr with their Open Interest going up by 5280 contracts.

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