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SHORT BUILD UP WAS SEEN IN THE BANK NIFTY FUTURES

Create Shorts with the SL Of 22900 Levels.

* Nifty ended the session with a minor loss of 14 points or 0.06%, to close at 22945. It was yet another session, where Nifty managed to protect the support of 22800.

* Long Unwinding was seen in the Nifty Futures where Open Interest fell by 0.89% with Nifty falling by 0.06%.

* Short Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 1.40% with Bank Nifty falling by 0.35%.

* Nifty Open Interest Put Call ratio fell to 0.84 levels from 0.87 levels.

* Amongst the Nifty options (20-Feb Expiry), Call writing is seen at 23100-23200 levels, indicating Nifty is likely to find strong resistance in the vicinity of 23100-23200 levels. On the lower side, an immediate support is placed in the vicinity of 22900-22800 levels where we have seen Put writing.

* Long unwinding was seen by FII's in the Index Futures segment where they net sold worth 303 cr with their Open Interest going down by 198 contracts.

Nifty : Trend remains down; Trend may change above 23020 levels.

Nifty Auto Index :Indicators & Oscillators are Weak; Trend reversal at 22000

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