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SHORT BUILD UP WAS SEEN IN BANK NIFTY FUTURES

Create Shorts with the SL of 23650 Levels

* On March 26, 2025, the NSE Nifty 50 slipped 0.77% to close at 23,486.85, snapping a seven-day winning streak. The decline was driven by profit-booking as investors turned cautious ahead of potential U.S. tariff announcements next week.

* Long Unwinding was seen in the Nifty Futures where Open Interest fell by 6.49% with Nifty falling by 0.77%.

* Short Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 0.59% with Bank Nifty falling by 0.77%.

* Nifty Open Interest Put Call ratio fell to 0.92 levels from 1.04 levels.

* Amongst the Nifty options (27-Mar Expiry), Call writing is seen at 23600-23700 levels, indicating Nifty is likely to find strong resistance in the vicinity of 23600-23700 levels. On the lower side, an immediate support is placed in the vicinity of 23500-23400 levels where we have seen Put writing.

*  Short covering was seen by FII's’ in the Index Futures segment where they net bought worth 1,329 cr with their Open Interest going down by 10563 contracts

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