Nifty rose for the 6th session on the trot and ended the day with a minor gain of 37 points or 0.15% at 25141 - HDFC Securities
LONG BUILD UP WAS SEEN IN NIFTY FUTURES
Create Longs with the SL of 25050 Levels
* Nifty rose for the 6th session on the trot and ended the day with a minor gain of 37 points or 0.15% at 25141.
* Long Build-Up was seen in the Nifty Futures where Open Interest rose by 0.42% with Nifty rising by 0.15%.
* Long Unwinding was seen in the Bank Nifty Futures where Open Interest fell by 0.96% with Bank Nifty falling by 0.30%.
* Nifty Open Interest Put Call ratio remained unchanged at 0.97 levels.
* Amongst the Nifty options (12-Jun 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 25100-25000 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 1,246 cr with their Open Interest going up by 587 contracts.
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