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F&O Highlights

LONG BUILD UP WAS SEEN IN NIFTY & BANK NIFTY FUTURES

Create Longs with the SL of 25550 Levels.

* The Nifty had a largely subdued session today, remaining within yesterday's range with minimal swings after an initial hour of mild volatility. It ultimately closed with a modest gain of 24 points (0.10%) at 25,541.

* Long Build-Up was seen in the Nifty Futures where Open Interest rose by 1.28% with Nifty rising by 0.10%.

* Long Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 2.42% with Bank Nifty rising by 0.26%.

* Nifty Open Interest Put Call ratio rose to 0.88 levels from 0.81 levels.

* Amongst the Nifty options (03-Jul Expiry), Call writing is seen at 25700-25800 levels, indicating Nifty is likely to find strong resistance in the vicinity of 25700-25800 levels. On the lower side, an immediate support is placed in the vicinity of 25600-25500 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 116 cr with their Open Interest going up by 4905 contracts.

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