Long unwinding was seen in Nifty Future on Wednesday - IIFL

Long unwinding was seen in Nifty future which shed ~0.15mn shares in open interest, while Bank Nifty added 0.0002mn 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 5,800 strike.

Call writing was seen at Nifty 6,100 January strike which added ~0.62mn shares in open interest.

Nifty January 5,900 strike put which added 0.22mn shares in open interest has also seen writing.

Short addition was seen in Metal, Cement and FMCG sector, while long addition was seen in Oil & Gas and Power sector.

Stocks in Ban period: IFCI, KTKBank, Renuka, Suzlon, IBRealEstate, IVRCLInfra, PunjLlyod.

Source : Equity Bulls

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