Nifty 10864(+71) BankNifty 27044(+254)
Nifty futures open Interest stayed flat as no fresh position got added. Nifty(spot) closed near to its 200DMA of 10862, if breaks and holds above then it can test its next resistance of 10930-10950 levels.
OI in BankNifty increased by +22% as fresh longs got added to March contract. BankNifty(spot) closed around its resistance of 27050 may gain further strength if happens to break and hold above its 50DMA of 27131.
Nifty futures open Interest stayed flat as no fresh position got added. Nifty(spot) closed near to its 200DMA of 10862, if breaks and holds above then it can test its next resistance of 10930-10950 levels.
OI in BankNifty increased by +22% as fresh longs got added to March contract. BankNifty(spot) closed around its resistance of 27050 may gain further strength if happens to break and hold above its 50DMA of 27131.