IGI Logo

F&O Highlights

SHORT BUILD UP WAS SEEN IN NIFTY FUTURES

Create shorts on rise with the SL of 26200 levels.

* After opening lower by 70 points, Nifty continued its downward journey throughout the day and finally ended lower by 176 points or 0.68%, to close at 25877. ? Short Build-Up was seen in the Nifty Futures where Open Interest rose by 7.23% with Nifty falling by 0.68%.

* Long Unwinding was seen in the Bank Nifty Futures where Open Interest fell by 1.95% with Bank Nifty falling by 0.61%.

* Nifty Open Interest Put Call ratio fell to 0.75 levels from 1.13 levels.

* Amongst the Nifty options (04-Nov Expiry), Call writing is seen at 26100-26200 levels, indicating Nifty is likely to find strong resistance in the vicinity of 26100-26200 levels. On the lower side, an immediate support is placed in the vicinity of 26000-25900 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 2,390 cr with their Open Interest going up by 9122 contracts.

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795

SEBI Registration number is INZ00017133