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ACCUMULATE SHORTS WITH SL OF 19800 LEVELS

* Nifty fell for the third consecutive session on Sept 21 pulled down by negative global cues. At close, Nifty was down 0.80% or 159.1 points at 19742.4.

* Minor short build up was seen in the Nifty Futures where Open Interest rose by 0.21% with Nifty falling by 0.80%.

* Massive short build up was seen in the Bank Nifty Futures where Open Interest rose by 20.56% with Bank Nifty falling by 1.68%.

* Nifty Open Interest Put Call ratio rose to 0.82 levels from 0.80 levels. Amongst the Nifty options (28-Sep Expiry), Call writing is seen at 19800-19900 levels,Indicating Nifty is likely to find strong resistance in the vicinity of 19800 - 19900 levels. On the lower side, an immediate support is placed in the vicinity of19500-19600 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 880 Cr with their Open Interest going up by 17468 contracts.

NIFTY MONTHLY (28-SEPT) OPTION OPEN INTEREST DISTRIBUTION

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