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Nifty

* Nifty extended its rally for a third straight session, gaining 135 points to close at 23,989. Supported by positive global cues and easing crude oil prices, the index traded with a positive bias throughout the day and ended near its session high.

* Short Covering was seen in the Nifty Futures where Open Interest fell by 3.08% with Nifty rising by 0.57%.

* Short Covering was seen in the Bank Nifty Futures where Open Interest fell by 3.10% with Bank Nifty rising by 0.17%.

* Nifty Open Interest Put Call ratio rose to 1.08 levels from 1.04 levels.

* Amongst the Nifty options (23-Jun Expiry), Call writing is seen at 24000-24100 levels, indicating Nifty is likely to find strong resistance in the vicinity of 24000-24100 levels. On the lower side, an immediate support is placed in the vicinity of 23900-23800 levels where we have seen Put writing.

* Short covering was seen by FII's’ in the Index Futures segment where they net bought worth 1,783 cr with their Open Interest going down by 15539 contracts.

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