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SHORT BUILD UP WAS SEEN IN NIFTY FUTURES

Create Shorts with the SL of 24900 Levels.

* Nifty fell for the third straight day, down 18 points (0.08%) to 24,793. Geopolitical tensions and a narrow 130-point range on weekly expiry day contributed to its lackluster performance.

* Short Build-Up was seen in the Nifty Futures where Open Interest rose by 0.72% with Nifty falling by 0.08%.

* Long Unwinding was seen in the Bank Nifty Futures where Open Interest fell by 1.27% with Bank Nifty falling by 0.45%.

* Nifty Open Interest Put Call ratio fell to 1.03 levels from 1.10 levels.

* Amongst the Nifty options (26-Jun Expiry), Call writing is seen at 24900-25000 levels, indicating Nifty is likely to find strong resistance in the vicinity of 24900-25000 levels. On the lower side, an immediate support is placed in the vicinity of 24700-24600 levels where we have seen Put writing.

* Long build-up was seen by FII's in the Index Futures segment where they net bought worth 426 cr with their Open Interest going up by 7439 contracts..

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