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LONG BUILD UP WAS SEEN IN NIFTY FUTURES 

Create Longs with the SL of 24850 Levels.

* Nifty continued its recovery, which started from Friday’s low and ended the day with the gains of 228 points or 0.92% at 24946.

* Long Build-Up was seen in the Nifty Futures where Open Interest rose by 1.12% with Nifty rising by 0.92%.

* Short Covering was seen in the Bank Nifty Futures where Open Interest fell by 2.01% with Bank Nifty rising by 0.75%.

* Nifty Open Interest Put Call ratio rose to 1.14 levels from 0.89 levels.

* Amongst the Nifty options (19-Jun Expiry), Call writing is seen at 25000-25100 levels, indicating Nifty is likely to find strong resistance in the vicinity of 25000-25100 levels. On the lower side, an immediate support is placed in the vicinity of 24900-24800 levels where we have seen Put writing.

* Long build-up was seen by FII's in the Index Futures segment where they net bought worth 420 cr with their Open Interest going up by 2332 contracts.

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