Short unwinding seen in Bank Nifty - IIFL

Short unwinding was seen in Bank Nifty and Nifty future which shed ~0.09mn and ~0.23mn shares in open interest.

On Nifty Option side, maximum open interest for Call is at 6,000 strike, while for the Put is at 5,700 strike.

Call unwinding was seen in Nifty Mar 6,000 strike which shed ~0.16mn shares in open interest.

Long unwinding was seen in Nifty Mar 5,700 put which shed ~2.24mn shares in open interest.

Fresh long addition was seen in Banking, Realty and Oil & Gas Sector.

Source : Equity Bulls

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