Nifty 10402(+23) BankNifty 25227(+133)
Nifty futures open Interest went up marginally by 0.9% indicating addition of long positions for the second straight session. Technically, Nifty(spot) has resistance around 10440 where its 50 and 100DMA resides, if breaks and holds then it can move towards 10480-10500 levels.
OI in BankNifty went up by a huge +14.3% indicating addition of fresh long positions. Technically, BankNifty(spot) would stay bullish above 24900 and may head towards 25500-25600 levels.
Nifty futures open Interest went up marginally by 0.9% indicating addition of long positions for the second straight session. Technically, Nifty(spot) has resistance around 10440 where its 50 and 100DMA resides, if breaks and holds then it can move towards 10480-10500 levels.
OI in BankNifty went up by a huge +14.3% indicating addition of fresh long positions. Technically, BankNifty(spot) would stay bullish above 24900 and may head towards 25500-25600 levels.