_Morning Snippet:- 30th May 2025_ *Index Observation* Nifty continues to remain in 2% band for the past 2 weeks now. With 25k acting as strong supply zone, it’s necessary for the index to close above 25050 for negation of its potential downside towards 24300 / 24100 as the index has had a strong run up in the past couple of weeks despite geopolitical challenges. Bank Nifty has again failed closing above 55600 despite trading above the same during the day. As the index has broken from its 6 week rising trend line, it eyes for a 1200-1500 pt downside and this set up negates only on closing above the 55600 mark. Weekly and monthly closing in charts is due today *Rollover Analysis* • FIIs are initiating June series on a negative note. The net position on index futures stand at 78k *short contracts* as against 25k *short contracts* at the start of May series. • ⁠The Client (Retail) category turned net long on index futures at the start of June series (58k long contracts) as against 21k short contracts at the start of May series *On Rollover front*, Nifty futures rollover stood at 79% vs 80% (last three series). On Expiry Day, the roll cost for Nifty was at around 49 bps. Bank Nifty rollover stood at 79%vs 3 month average of 78%. The average roll cost stood at 68 bps. Market-wide rollovers is at 90%, as against 3M avg. of 89%. *Sectoral & Stock Analysis* At the start of June series meaningful OI Addition is seen in Metals (Long Side), Chemical (Long Side). * On long side, HDFC Life, Tata Motors, BPCL has seen long buildup. * On short side, Bajaj Finance, Ultratech Cement, has seen short buildup. *DERIVATIVES | Trade Setup* Cash Market Activity FII: ₹ 884 crore DII: ₹ 4,286 crore *Week-to-Date (WTD)* FII: ₹ 6,030 crore DII: ₹ 24,097 crore *Month-to-Date (MTD)* FII: ₹18,222 crore DII: ₹58,545 crore *F&O Cues* In the options segment, the 24700 strike to act as support, while the 25200 strike remains a key resistance. *New 52 Week High Low Data* *Large Cap:* New 52 Week Highs: 1 New 52 Week Lows: 0 *Mid Cap:* New 52 Week Highs: 2 New 52 Week Lows: 0 *Small Cap:* New 52 Week Highs: 5 New 52 Week Lows: 1 *NIFTY500:* New 52 Week Highs: 8 New 52 Week Lows: 1