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F&O Highlights

SHORT BUILD UP WAS SEEN IN THE NIFTY & BANK NIFTY FUTURES

Create Longs on dips with the SL of 25400 Levels

* Wednesday’s session turned out to be a stark contrast to the Tuesday's closing surge. After remaining strong until 2:00 P.M., the Nifty fell sharply in the last hour of trade, signaling profit booking. Nifty finally settled the session with a loss of 46 points (0.18%), closing at 25,476.

* Short Build-Up was seen in the Nifty Futures where Open Interest rose by 3.22% with Nifty falling by 0.18%.

* Short Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 1.45% with Bank Nifty falling by 0.07%.

* Nifty Open Interest Put Call ratio fell to 0.86 levels from 1.04 levels.

* Amongst the Nifty options (10-Jul Expiry), Call writing is seen at 25600-25700 levels, indicating Nifty is likely to find strong resistance in the vicinity of 25600-25700 levels. On the lower side, an immediate support is placed in the vicinity of 25400-25500 levels where we have seen Put writing.

* Short build-up was seen by FII's in the Index Futures segment where they net sold worth 991 cr with their Open Interest going up by 3914 contracts.

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