Long addition seen in Nifty and BankNifty - IIFL

Long addition was seen in Nifty and BankNifty future which added ~0.34mn and ~0.016mn shares 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 unwinding was seen in Nifty Feb 6,000 strike which shed ~0.19mn shares in open interest.

Put writing was seen in Nifty Feb 5,900 put which added ~0.36mn shares in open interest.

Long addition was seen in IT, while fresh long unwinding was seen in Banking and Oil & Gas sectors.

Stocks in Ban period: Welcorp, PunjLlyod, Suzlon, IRB, Renuka, HDIL.

Source : Equity Bulls

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