Unwinding seen in Bank Nifty Future - IIFL

Unwinding was seen in Bank Nifty future which shed ~0.003mn in open interest, while Nifty added ~0.005mn in open interest.

On Nifty Option side, maximum open interest for Call is at 6,100 strike, while for the Put is at 5,700 strike.

Call writing is seen in Nifty Feb 6,100 strike which added ~1.04mn shares in open interest.

Put writing was witnessed at Nifty Feb 5,800 and 5,900 strike which added ~0.76mn and ~0.73mn shares in open interest.

Fresh Shorts were seen in Power, Banking and Textiles, while long unwinding was seen in Realty and Media sectors.

Fresh shorts were seen in Sensex future and BSE100 future which added 32880cont and 2100cont in open interest.

On option front, Sensex Feb 20,400strike call which added 31980cont in open interest has seen writing, while put unwinding was seen at Feb 19,600strike which shed 51465cont in open interest.

Source : Equity Bulls

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