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F&O Highlights

LONG BUILDUP UP WAS SEEN IN NIFTY & BANKNIFTY FUTURES

Create Longs with the SL of 25150 Levels.

* The Nifty opened 106 points higher and closed 200 points (0.80%) at 25,244, its highest level since October 3, 2024, surpassing the 25,200 resistance.

* Long Build-Up was seen in the Nifty Futures where Open Interest rose by 1.05% with Nifty rising by 0.80%. Nifty's futures rollover stands higher at 71%, as against the last three series' average rollover of 63%.

* Long Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 9.19% with Bank Nifty rising by 0.28%. We have seen a rollover of 63% in Bank Nifty futures, which is in line with the last three series' average rollover of 63%.

* Nifty Open Interest Put Call ratio rose to 1.13 levels from 0.85 levels.

* Amongst the Nifty options (26-June Expiry), Call writing is seen at 25300-25400 levels, indicating Nifty is likely to find strong resistance in the vicinity of 25300-25400 levels. On the lower side, an immediate support is placed in the vicinity of 25200-25100 levels where we have seen Put writing.

* Short covering was seen by FII's’ in the Index Futures segment where they net bought worth 528 cr with their Open Interest going down by 1981 contracts.

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