Nifty futures open Interest(combined three months) increased by +3.4% as fresh shorts got added. Nifty(spot) had been resisted at 11550 levels in the last few sessions, for any further upside it has to close above 11550.
OI in BankNifty declined by -6.5% indicating wind-up of long positions at higher levels. BankNifty(spot) managed to close marginally above 30,000 amidst volatility, it has to hold above this level for further upside, on the downside 29650 would be the near by support level.
Nifty futures open Interest(combined three months) went up by +5% as longs got rolled over to April contract. Nifty(spot) closed above its resistance of 11550 indicating bullishness, any subsequent stay above this levels may enable Nifty to move towards 11630-11650 levels.
OI in BankNifty increased by +17.4% as longs got rolled over. BankNifty(spot) stayed firm above 30,000 and strengthened further may move towards 30700-30750 levels.
Nifty futures open Interest declined by -2.8% indicating wind-up of short positions. Nifty(spot) may stay with positive bias above 11500 levels, if manages to hold above 11500 in the next few sessions then it may test its all time high of 11760.
OI in BankNifty stayed flat as no fresh positions got added. BankNifty(spot)'s current positive trend may stay intact as long as It trades above 29950 levels.
Nifty futures open Interest declined by -2.7% indicating wind-up of long positions at higher levels. Nifty(spot) after nearing its all-time high level slipped from its high's to close below 11700, current trend may stay positive as long as Nifty stays above 11500 levels.
OI in BankNifty decreased by -2.7% as longs got un-winded. BankNifty(spot) would face resistance around 30500 levels, current positive trend would stay intact above 29950 levels.
Nifty futures open Interest stayed flat in the last session as no fresh positions got added. Nifty(spot) may move towards its life-time high of 11760 levels, on the downside, 11650 would be the near by support level.
OI in BankNifty increased by +2.4% indicating addition of fresh longs. BankNifty(spot) has to close above 30550 for any significant upside from current levels, 29950 would be the support level.
Nifty futures open Interest declined by -2.3% indicating long unwinding at higher levels. Nifty(spot) after touching its life-time high slipped below 11700 levels, it may consolidate with negative bias in the range of 11500-11750.
OI in BankNifty went down by -3.2% as long positions got un-winded. BankNifty(spot) has resistance around 30500 levels, it would stay weak below this level can move towards 29900-29750 levels.
Nifty futures open Interest declined marginally by -0.8% in the last session. Nifty(spot) closed around 11600 levels, may test it support of 11500-11550 levels, current bullish trend may change to negative only if Nifty closes below 11500.
OI in BankNifty went down by -1.7% as long positions continue to get unwinded. BankNifty(spot) has to close below 29750 so that its 21-day moving average of 29345 can be tested. On the other hand, if manages to take support around 29750 then it would consolidate in the range of 29750-30350.
Nifty futures open Interest increased by +2.4% indicating addition of fresh longs. Nifty(spot) would consolidate with positive bias as long as it stays in the range of 11550-11750, has to close out of this trading range for the next trend to set.
OI in BankNifty declined by -1.4% as short positions got unwinded. BankNifty(spot) took support around 29800 in the last two session, if manages to hold above this level then it can move towards 30500 levels.
Nifty futures open Interest declined by -1.1% indicating wind-up of long positions. Nifty(spot) may weaken if breaks and holds below 11550 levels, then it can test its 21day moving average of 11474.
OI in BankNifty went up by +1.9% as fresh Shorts got added. BankNifty(spot) had weakned below 29900 levels any subsequent stay below this level may enable it to test its 21DMA of 29560.
