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F&O Highlights

LONG BUILD UP WAS SEEN IN THE BANK NIFTY FUTURES

Create longs on dips with the SL of 25550 levels.

*  Nifty rose 82 points, or 0.32%, to close at 25,574, breaking a three-session losing streak. After opening 9 points higher, the index gained steadily in the first half of the session, before experiencing some profit booking in the latter half.

*  Long Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 7.43% with Bank Nifty rising by 0.10%.

*  Nifty Open Interest Put Call ratio rose to 0.98 levels from 0.93 levels.

*  Amongst the Nifty options (11-Nov Expiry), Call writing is seen at 25700-25800 levels, indicating Nifty is likely to find strong resistance in the vicinity of 25700-25800 levels. On the lower side, an immediate support is placed in the vicinity of 25500-25600 levels where we have seen Put writing.

*  Short build-up was seen by FII's in the Index Futures segment where they net sold worth 920 cr with their Open Interest going up by 5130 contracts.

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