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F&O Highlights

LONG BUILD UP WAS SEEN IN THE NIFTY & BANK NIFTY FUTURES

Create longs with the SL of 24850 levels.

* Nifty continued its impressive upward journey today, rising for the fifth consecutive session and closing at a two-week high. After a gap-up opening of 91 points on the back of strong global cues, Nifty remained in the narrow range throughout the weekly expiry day. Nifty finally ended the day with a gain of 95 points or 0.39%, to close at 24868.

* Long Build-Up was seen in the Nifty Futures where Open Interest rose by 0.04% with Nifty rising by 0.39%.

* Long Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 1.43% with Bank Nifty rising by 0.05%.

* Nifty Open Interest Put Call ratio fell to 1.08 levels from 1.11 levels.

* Amongst the Nifty options (16-Sep Expiry), Call writing is seen at 25000-25100 levels, indicating Nifty is likely to find strong resistance in the vicinity of 25000-25100 levels. On the lower side, an immediate support is placed in the vicinity of 24800-24900 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 280 cr with their Open Interest going up by 2140 contracts.

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