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Maximum profit: Rs 8,700 if BANK NIFTY closes at or above 49,500 on 27 March expiry. >> Long build up has been seen in the Bank Nifty futures during the week till now, where we have seen 7 per cent (Prov) rise in the open interest, with the index closing 0.60 per cent higher on Thursday, March 6, 2025.>> Short-term trend in Bank Nifty has turned positive as the index is placed above its 5-day EMA. >> Bank Nifty has formed a strong base by forming multiple bottoms around 47,800 levels.>> Bank Nifty open interest put call ratio rose to 1.02 levels from 0.91 levels on the back of Put writing at 48,000-48,500 levels, suggesting limited downside from hereon. Note : It is advisable to book profit in the strategy when ROI exceeds 20%. ==================== Disclaimer: This article is by Nandish Shah, senior technical/derivative analyst at HDFC Securities.
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