Short unwinding seen in BankNifty Future - IIFL

Short unwinding was seen in BankNifty future which shed ~0.013mn in open interest, while Nifty added ~0.32mn 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 buying was seen in Nifty Feb 6,000 strike which added ~0.31mn shares in open interest.

Nifty 5,900 put which shed ~0.26mn shares in open interest witnessed unwinding.

Short unwinding was seen in Realty and Power, while fresh short were seen in cement and Fertilizers sectors.

Source : Equity Bulls

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