<ul><li>The May Nifty futures posted a gain of 4.2% last week, accompanied by a drop in Open Interest (OI) by 5%.</li><li>Put Call Ratio (PCR) for weekly and monthly expiry were 0.8 and 1.2 respectively, indicating a positive bias.</li><li>Nifty futures show strong momentum with potential to rise to 26,000; support levels at 24,850, 24,620 and 24,450.</li><li>Strategy advised: Buy Nifty futures at 25,070, accumulate at 24,700, place stop-loss at 24,350; book profits at 26,000. Alternatively, buy a 25,500-strike call of June expiry.</li></ul>

F&O Tracker: Outlook positive for index futures

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