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F&O HIGHLIGHTS

LONG BUILD UP IS SEEN IN THE NIFTY AND BANK NIFTY FUTURES

ACCUMULATE LONGS WITH SL OF 19850 LEVELS.

* Nifty ended higher on Nov 28 aided by a sharp rise post 1400 Hrs. At close, Nifty was up 0.48% or 95 points at 19889.7.

* Long build up is seen in the Nifty Futures where Open Interest rose by 3% with Nifty rising by 0.48%. ? Long build up is seen in the Bank Nifty Futures where Open Interest rose by 6% with Bank Nifty rising by 0.26%.

* Nifty Open Interest Put Call ratio rose to 1.22 levels from 0.99 levels. Amongst the Nifty options (30-Nov Expiry), Call writing is seen at 20000-20100 levels, Indicating Nifty is likely to find resistance in the vicinity of 20000 - 20100 levels. On the lower side, an immediate support is placed in the vicinity of 19800- 19900 levels where we have seen Put writing .

* Muted activity is seen by FIIs’ in the Index Futures segment where they net bought worth Rs 31 Cr with their Open Interest going up by 10062 contracts.

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