Long unwinding seen in Nifty and Bank Nifty Futures - IIFL

Long unwinding was seen in Nifty and Bank Nifty Future which shed 0.94mn & 0.14mn shares in open interest.

On options side, maximum open interest for Nifty January call is at 6,200 strike, while for the put is at 5,900 strike.

Call buying was seen in Nifty 6,100 strike January which added ~0.87mn shares in open interest. Put unwinding was visible at Nifty January 6,000 strike which added ~1.08mn shares in open interest.

Short addition was seen in Capital Goods and Metals, while long unwinding was witnessed in Telecom and FMCG sector.

Source : Equity Bulls

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