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F&O Highlights

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

Create Longs on dips with the SL of 25050 Levels.

* Nifty broke four sessions of losing streak by rising 113 points or 0.45%, to close at 25195.

* Long Build-Up was seen in the Nifty Futures where Open Interest rose by 0.34% with Nifty rising by 0.45%.

* Long Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 3.43% with Bank Nifty rising by 0.43%.

* Nifty Open Interest Put Call ratio rose to 0.88 levels from 0.72 levels.

* Amongst the Nifty options (17-Jul 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 25000-25100 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 153 cr with their Open Interest going up by 3386 contracts.

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