IGI Logo

LONG BUILD UP WAS SEEN BY FII’s IN THE INDEX FUTURES

Create Longs with the SL Of 22500 Levels.

* Nifty extended its losing streak to a sixth consecutive session, registering a marginal decline of 5 points (0.03%) to close at 22,547.

* Long Unwinding was seen in the Nifty Futures where Open Interest fell by 0.21% with Nifty falling by 0.03%.

* Short Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 4.58% with Bank Nifty falling by 0.09%.

* Nifty Open Interest Put Call ratio rose to 0.77 levels from 0.71 levels.

* Amongst the Nifty options (27-Feb Expiry), PUT writing is seen at 22600-22500 levels, indicating Nifty is likely to find strong support in the vicinity of 22600-22500 levels. On the lower side, an immediate Resistance is placed in the vicinity of 22700-22800 levels where we have seen CALL writing.

* Long build-up was seen by FII's in the Index Futures segment where they net bought worth 108 cr with their Open Interest going up by 13144 contracts.

Nifty : Trend remains down; hovering above key support of 22450.

Nifty CPSE Index :Downtrend is unbroken, Index reacted down from change of Polarity.

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795

SEBI Registration number is INZ00017133