Nifty Open Interest Put Call ratio fell to 0.82 levels from 0.86 levels - HDFC Securities Ltd
GIFT NIFTY SUGGESTS GAP UP OPENING
Create Longs with the SL Of 23200 Levels.
* The Nifty continued its upward momentum today, adding 37 points (0.16%) to close at 23,213.
* Short Covering was seen in the Nifty Futures where Open Interest fell by 0.60% with Nifty rising by 0.16%.
* Short Covering was seen in the Bank Nifty Futures where Open Interest fell by 1.18% with Bank Nifty rising by 0.05%.
* Nifty Open Interest Put Call ratio fell to 0.82 levels from 0.86 levels.
* Amongst the Nifty options (16-Jan Expiry), Call writing is seen at 23400-23500 levels, indicating Nifty is likely to find strong resistance in the vicinity of 23400-23500 levels. On the lower side, an immediate support is placed in the vicinity of 23100-23200 levels where we have seen Put writing.
* Long build-up was seen by FII's in the Index Futures segment where they net bought worth 187 cr with their Open Interest going up by 1117 contracts.
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