F&O market outlook: As equity benchmark indices consolidated in the last couple of trading sessions, several stocks witnessed churning of positions in the futures & options (F&O) space on Thursday, with select stocks seeing fresh long buildup, some short buildup and few others long unwinding.
Here's a quick check on key stocks with notable long and short buildup alongside the Nifty and Bank Nifty.
Nifty
Current Level: 24,375
Support: 24,000
Resistance: 24,550; 24,600
The NSE Nifty 50 has seen a net 0.4 per cent decline in the last two trading sessions; whereas the open interest (OI) has dipped by 5.8