Nifty Open Interest Put Call ratio rose to 1.04 levels from 0.95 levels - HDFC Securities
F&O Highlights
LONG BUILD UP WAS SEEN IN THE NIFTY & BANK NIFTY FUTURES
Create Longs with the SL of 25400 Levels.
* The Nifty displayed a late-session optimism, breaking out of a narrow range that had held it for the most part of the trading day. While the index was largely range-bound until 2:45 P.M., the final 45 minutes saw a powerful surge of over 100 points, showcasing renewed buying conviction. The Nifty finally settled with a gain of 61 points (0.24%), to close at 25,522.
* Long Build-Up was seen in the Nifty Futures where Open Interest rose by 4.17% with Nifty rising by 0.24%.
* Long Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 2.41% with Bank Nifty rising by 0.54%.
* Nifty Open Interest Put Call ratio rose to 1.04 levels from 0.95 levels.
* Amongst the Nifty options (10-Jul Expiry), Call writing is seen at 25700-25800 levels, indicating Nifty is likely to find strong resistance in the vicinity of 25700-25800 levels. On the lower side, an immediate support is placed in the vicinity of 25400-25500 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 269 cr with their Open Interest going up by 6976 contracts.
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