Nifty Open Interest Put Call ratio fell to 0.80 levels from 1.03 levels - HDFC Securities Ltd
F&O Highlights
LONG UNWINDING WAS SEEN IN NIFTY & BANKNIFTY FUTURES
Create longs on decline with the SL of 24950 levels.
* After witnessing profit-booking from yesterday's high, the Nifty continued its retracement, falling 62 points (0.25%) to close at 25,046. NSE cash market volumes was lower by 9% as compared to yesterday.
* Long Unwinding was seen in the Nifty Futures where Open Interest fell by 1.37% with Nifty falling by 0.25%.
* Long Unwinding was seen in the Bank Nifty Futures where Open Interest fell by 3.51% with Bank Nifty falling by 0.39%.
* Nifty Open Interest Put Call ratio fell to 0.80 levels from 1.03 levels.
* Amongst the Nifty options (14-Oct Expiry), Call writing is seen at 25100-25200 levels, indicating Nifty is likely to find strong resistance in the vicinity of 25100-25200 levels. On the lower side, an immediate support is placed in the vicinity of 24900-25000 levels where we have seen Put writing.
* Short covering was seen by FII's’ in the Index Futures segment where they net bought worth 175 cr with their Open Interest going down by 172 contracts.
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