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Nifty : Sharp breakout is underway. Nifty is expected to move towards the upside target of 26300 levels soon.

Nifty PSU Banking : Upside breakout is likely to open buzz in the sector participants ahead

F&O Highlights

LONG BUILD UP WAS SEEN IN THE BANK NIFTY FUTURES

Create longs on dips with the SL of 25900 levels.

* Nifty rose for the sixth consecutive session with a rise of 103 points to close at 26013, marking its highest close since October 29, 2025.

* Short Covering was seen in the Nifty Futures where Open Interest fell by 0.39% with Nifty rising by 0.40%.

* Long Build-Up was seen in the Bank Nifty Futures where Open Interest rose by 4.78% with Bank Nifty rising by 0.76%.

* Nifty Open Interest Put Call ratio rose to 1.12 levels from 0.91 levels.

* Amongst the Nifty options (18-Nov Expiry), Call writing is seen at 26100-26200 levels, indicating Nifty is likely to find strong resistance in the vicinity of 26100-26200 levels. On the lower side, an immediate support is placed in the vicinity of 25800-25900 levels where we have seen Put writing.

* Long build-up was seen by FII's in the Index Futures segment where they net bought worth 73 cr with their Open Interest going up by 4240 contracts.

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