Nifty 11692(+135) BankNifty 28264(+430)
Nifty futures open Interest(combined three months) increased by +2.2% as longs got added. Nifty(spot) broke above its recent high of 11621 and hit 11700, current momentum may stay intact above 11550 levels, it may move towards 11750-11770 levels.
OI in BankNifty declined by -3.6% indicating wind up of short positions. BankNifty(spot) had a gap up opening above 27950 levels and it may stay with bullishness above this level, it may strengthen if breaks and holds above its last week high of 28325.
Nifty futures open Interest(combined three months) increased by +2.2% as longs got added. Nifty(spot) broke above its recent high of 11621 and hit 11700, current momentum may stay intact above 11550 levels, it may move towards 11750-11770 levels.
OI in BankNifty declined by -3.6% indicating wind up of short positions. BankNifty(spot) had a gap up opening above 27950 levels and it may stay with bullishness above this level, it may strengthen if breaks and holds above its last week high of 28325.