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SHORT BUILD UP WAS SEEN IN NIFTY & BANK NIFTY FUTURES

Create Longs Only Above 22980 with the SL Of 22850 Levels.

* Nifty fell for the third straight session, losing 19 points (-0.09%) to close at 22,913 amid muted activity. It touched an intraday low of 22,812 but rebounded, holding the 22,800 support.

* Short Build-Up was seen in the Nifty Futures where Open Interest rose by 1.70% with Nifty falling by 0.09%.

* Short Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 2.45% with Bank Nifty falling by 0.48%.

* Nifty Open Interest Put Call ratio fell to 0.90 levels from 0.92 levels.

* Amongst the Nifty options (27-Feb Expiry), Call writing is seen at 23000-23100 levels, indicating Nifty is likely to find strong resistance in the vicinity of 23000-23100 levels. On the lower side, an immediate support is placed in the vicinity of 22900-22800 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 1,061 cr with their Open Interest going up by 4681 contracts

Nifty : Support of 22800 Holds; Resistance seen at 23235

Nifty Next 50 Monthly Chart: Bounce From the Long Term Support

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