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F&O Highlights

SHORT BUILD UP WAS SEEN IN NIFTY & BANK FUTURES

Create shorts on rise with the SL of 25950 levels.

* The Nifty broke out of its recent range-bound "ping-pong" phase, with bears gaining control to push the index down for the second consecutive session. Nifty slipped 155 points, or 0.60%, to settle at 25,722. With this decline, the index ended its four-week winning run, posting a weekly loss of 0.28%.

* Short Build-Up was seen in the Nifty Futures where Open Interest rose by 7.32% with Nifty falling by 0.60%.

* Short Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 0.21% with Bank Nifty falling by 0.44%.

* Nifty Open Interest Put Call ratio fell to 0.64 levels from 0.75 levels.

* Amongst the Nifty options (04-Nov Expiry), Call writing is seen at 25900-26000 levels, indicating Nifty is likely to find strong resistance in the vicinity of 25900-26000 levels. On the lower side, an immediate support is placed in the vicinity of 25800-25700 levels where we have seen Put writing.

* Short build-up was seen by FII's in the Index Futures segment where they net sold worth 1,612 cr with their Open Interest going up by 7313 contracts

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