F&O: Immediate resistance for Bank Nifty at 24000
Bank Nifty futures of July series was trading at 23702 level at a premium of 32 points. On the options front, Bank Nifty 13-July 23700 CE and 23500 PE witnessed maximum addition in their open interests.
There was long built up positions in Bank Nifty call options expiring on 13 July while the put options witnessed short built up position reflecting strong bullish undertone in Bank Nifty index. Immediate resistance level for Bank Nifty may be placed at 24000.