Nifty 11427(+84) BankNifty 29381(+458)
Nifty futures open Interest went up further by +13% indicating addition of Fresh longs. Nifty(spot) current trend would stay intact as long as it holds above 11280 levels, volatility would increase at higher levels as Nifty went up by more than 600 points in the last ten sessions.
OI in BankNifty increased by +6.2% as fresh longs got added. BankNifty(spot) would continue to stay with positive bias above 28680, next resistance would be around 29550-29650 levels.
Nifty futures open Interest went up further by +13% indicating addition of Fresh longs. Nifty(spot) current trend would stay intact as long as it holds above 11280 levels, volatility would increase at higher levels as Nifty went up by more than 600 points in the last ten sessions.
OI in BankNifty increased by +6.2% as fresh longs got added. BankNifty(spot) would continue to stay with positive bias above 28680, next resistance would be around 29550-29650 levels.