Nifty Open Interest Put Call ratio fell to 0.91 levels from 1.07 levels - HDFC Sescurities Ltd
F&O Highlights
LONG UNWINDING WAS SEEN IN BANKNIFTY FUTURES
Create longs with the SL of 25100 levels.
* Nifty slipped for the second straight session, reversing early gains despite strong global cues. After a volatile 250-point swing, it closed 81 points lower at 25,145 (−0.32%). Cash market turnoversurged 20%, indicating broad-based selling pressure.
* Short Build-Up was seen in the Nifty Futures where Open Interest rose by 3.68% with Nifty falling by 0.32%.
* Long Unwinding was seen in the Bank Nifty Futures where Open Interest fell by 4.51% with Bank Nifty falling by 0.23%.
* Nifty Open Interest Put Call ratio fell to 0.91 levels from 1.07 levels.
* Amongst the Nifty options (20-Oct Expiry), Call writing is seen at 25300-25400 levels, indicating Nifty is likely to find strong resistance in the vicinity of 25300-25400 levels. On the lower side, an immediate support is placed in the vicinity of 25200-25100 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 1,652 cr with their Open Interest going up by 9395 contracts.
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