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F&O HIGHLIGHTS

PUT WRITING IS SEEN AT 19700-19800 LEVELS

ACCUMULATE LONGS WITH SL OF 19750 LEVELS.

* Nifty closed lower on Nov 24 in a small range (65 points) sideways move day. At close, Nifty was down 0.04% or 7.3 points at 19794.7.

* Long unwinding is seen in the Nifty Futures where Open Interest fell by 3% with Nifty falling by 0.04%. ? Long build up is seen in the Bank Nifty Futures where Open Interest rose by 2% with Bank Nifty rising by 0.44%.

* Nifty Open Interest Put Call ratio rose to 0.99 levels from 0.86 levels. Amongst the Nifty options (30-Nov Expiry), Call writing is seen at 19900-20000 levels, Indicating Nifty is likely to find resistance in the vicinity of 19900 - 20000 levels. On the lower side, an immediate support is placed in the vicinity of 19700- 19800 levels where we have seen Put writing .

* Muted activity is seen by FIIs’ in the Index Futures segment where they net sold worth Rs 2 Cr with their Open Interest going up by 6517 contracts.

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