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Nifty : Manages To Close Above 20 DEMA & Trend Line Support

Nifty Private Bank Index : Maintains Ongoing Uptrend

F&O Highlights

SHORT BUILD UP WAS SEEN IN NIFTY FUTURES

Create Shorts with the SL of 26200 levels.

* Nifty extended its losing streak to a fourth straight session, slipping 46 points to close at 25,986. However, a sharp late hour rebound of over 100 points helped the index finish well above its intraday lows.

* Short Build-Up was seen in the Nifty Futures where Open Interest rose by 4.55% with Nifty falling by 0.18%.

* Long Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 3.64% with Bank Nifty rising by 0.13%.

* Nifty Open Interest Put Call ratio fell to 0.85 levels from 0.93 levels.

* Amongst the Nifty options (09-Dec Expiry), Call writing is seen at 26200-26300 levels, indicating Nifty is likely to find strong resistance in the vicinity of 26200-26300 levels. On the lower side, an immediate support is placed in the vicinity of 26100-26000 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 2,633 cr with their Open Interest going up by 11396 contracts..

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SEBI Registration number is INZ00017133