Nifty Open Interest Put Call ratio rose to 0.92 levels from 0.85 levels - HDFC Sescurities Ltd
Nifty : Fresh Break Down Below 25900; Strong Resistance Band 26150-26200
Nifty Capital Market Index : Fresh Break Down; Expect More Downside
F&O Highlights
SHORT COVERING UP WAS SEEN IN NIFTY FUTURES
Create longs with the SL of 26000 levels.
* Nifty snapped its four-session losing streak, gaining 47 points to close at 26,033. On the Sensex weekly derivative expiry day, bulls managed to hold a slight edge. NSE cash market turnover fell 5% compared to yesterday.
* Short Covering was seen in the Nifty Futures where Open Interest fell by 0.36% with Nifty rising by 0.18%.
* Short Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 5.22% with Bank Nifty falling by 0.10%.
* Nifty Open Interest Put Call ratio rose to 0.92 levels from 0.85 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 26000-25900 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 1,798 cr with their Open Interest going up by 5511 contracts.
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ00017133
_Securities_(600x400).jpg)
