Accumulate Longs With SL Of 19850 Levels - HDFC Securities
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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.
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337
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