Open Interest Analysis

Nifty 10860(+80) BankNifty 27125(+247)

Nifty futures open Interest went up by +3% indicating addition of long positions. Nifty(spot) would stay in the range of 10750-10950 with positive bias in the next few sessions.

OI in BankNifty went up by a huge +16% as fresh longs got added. BankNifty(spot) would stay bullish above 26900 levels can move towards 27300-27400.

OI dec 28.png
 
Nifty 10863(+3) BankNifty 27160(+35)

Nifty futures open Interest went up by +4% indicating addition of fresh long positions. Nifty(spot) would continue to stay in the range of 10750-10950, any break in this range would set the trend.

OI in BankNifty increased by +7.8% as fresh longs got added. BankNifty(spot) remains bullish above 26900 levels may gain further strength if breaks above 27400 levels.

OI jan 01.png
 

Jayakumar.int

Well-Known Member
Nifty 10910(+48) BankNifty 27392(+232)

Nifty futures open Interest stayed flat indicating no addition of fresh positions. Nifty(spot) would stay neutral with positive bias above 10750 levels, has to break and close above its resistance of 10950-11000 for any significant upside.

OI in BankNifty increased by a huge +13.5% as fresh longs continued to buildup. BankNifty(spot) closed near to its resistance of 27400 may strengthen further if breaks and holds above its resistance, can move towards 27650-27750 levels.
OI jan 02.png
 

Jayakumar.int

Well-Known Member
Nifty 10793(-118) BankNifty 27175(-218)

Nifty futures open Interest increased by +3.5% as fresh shorts got added. Nifty(spot) had been in the range of 10750-10950 for the last few sessions, currently it stays near to the lower part of its range, may weaken if breaks and closes below 10750.

OI in BankNifty declined by -5.9% indicating unwinding of long positions. BankNifty(spot) trend would weaken only on a break and close below 26900 levels.

OI jan 03.png
 

Jayakumar.int

Well-Known Member
Nifty 10672(-120) BankNifty 26960(-215)

Nifty futures open Interest went up further by +4.4% indicating addition of fresh Shorts. Nifty(spot) had weakened below 10750, may move towards 10600-10570 levels.

OI in BankNifty declined by -8.9% as longs that was created in the beginning of contract being windup. BankNifty(spot) closed near to its support of 26900 may weaken further if breaks and stays below 26900 levels.

OI jan 04.png
 

Jayakumar.int

Well-Known Member
Nifty 10727(+55) BankNifty 27195(+235)

Nifty futures open Interest stayed flat in the last session indicating no addition of fresh positions. Nifty(spot) closed below its resistance of 10750, if breaks and closes above its resistance then it may once again move into its range of 10950-10750. On the downside, if fails to break and hold above 10750 then it can move towards 10600-10570 levels.

OI in BankNifty increased by +13% as fresh longs got added. BankNifty(spot) managed to hold above its support of 26900 levels, can re-test its recent high of 27350-27400 levels.

OI jan 07.png
 

Jayakumar.int

Well-Known Member
Nifty 10777(+49) BankNifty 27300(+105)

Nifty futures open Interest declined marginally by -1% as longs got unwinded. Nifty(spot) once again slipped in its recent range of 10750-10950, it closed near to the lower part of the range if holds above then it can move towards 10850-10900 levels.

OI in BankNifty decreased by -1.1% indicating windup of long positions. BankNifty(spot) after testing its resistance of 27400 levels closed around 27300, for any significant upside it has to close above 27400, on the downside 26900 would be the support level.

OI jan 08.png
 

Jayakumar.int

Well-Known Member
Nifty 10802(+30) BankNifty 27510(+205)

Nifty futures open Interest went up by +1.7% as fresh longs got added. Nifty(spot) continued to stay above its support of 10750, may head towards 10870-10920 levels.

OI in BankNifty increased by a huge +28.6% indicating long buildup. BankNifty(spot) closed above its resistance of 27400 indicating bullishness, it may head towards 27850-27950 levels.

OI jan 09.png
 
Nifty 10855(+53) BankNifty 27720(+211)

Nifty futures open Interest declined by -0.9% as Shorts got unwinded. Nifty(spot) closed near to its 100day moving average of 10868, if breaks and holds above then it can move towards its recent high of 10920-10950 levels.

OI in BankNifty increased by +5.9% as fresh longs got added. BankNifty(spot) would continue to stay bullish above 27400 levels may move towards 27850-27950 levels.

OI jan10.png
 
Nifty 10822(-34) BankNifty 27529(-192)

Nifty futures open Interest declined marginally by -0.8% as longs got unwinded. Nifty(spot) would find resistance around its 100day moving average of 10861, on the downside, its recent low of 10730 would be the support level.

OI in BankNifty went down by -2.4% as longs got unwinded at higher levels. BankNifty(spot) would stay in the range of 27350-27750 for the next few sessions.
OI jan11.png
 

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