*JMFS ViewPoint: NiftyBank Outlook 7 FEB 2025* - FIIs Long : Short Ratio 16% : 84% - India VIX at 14.18 - FIIs outlook is hedged for indices & negative for FnO stocks - BNF witnessed minor long unwinding + its PCR_OI is at 0.93 indicating at a sideways trend - Highest OI continues to be at 52000 CE with 0.59 L contracts - 50500 straddle witnessed similar OI additions - Support at 50200/50000 range - Intraday resistance at 50500 - All spot levels *View:* Although BN is sustaining above its 200 DMA (50200 odd level), it is crucial to have a weekly above this level as well for further upside. Watch out for 50500 intraday resistance above which it can head towards 51000 mark. Refer disclaimer at bit.ly/3UN5lxi Regards, JMFS Derivatives Research