Nifty futures open Interest increased by +3.6% indicating addition of fresh longs. Nifty(spot) closed near to its resistance of 11960-12000 levels, may gain further strength if it happens to break and hold above this level, on the downside 11860 would be the near by support level.
OI in BankNifty declined by -1.2% as shorts got un-winded. BankNifty(spot) in the last two session had taken support around 30850-30950 levels, if holds above this level then it can test its resistance of 31500-31600 levels.
Nifty futures open Interest declined by -3.5% indicating wind-up of long positions. Nifty(spot) failed to move above its resistance of 11960-12000 levels, next support would be 11830-11770 levels.
OI in BankNifty reduced by -1.9% as long positions got un-winded. BankNifty(spot) may weaken further if breaks below its weekly low of 30860 can once again test its support of 30600 levels, on the upside it has resistance above 31300-31350 levels.
Nifty futures open Interest stayed almost flat in the last session as no fresh positions got added. Nifty(spot) bounced around its 21DMA of 11796, it may stay with positive bias above this level may once again test its resistance of 11960-12000 levels.
OI in BankNifty declined by -10.5% indicating wind-up of short positions. BankNifty(spot) after testing its last week low of 30630 bounced back sharply and managed to close above its 21DMA of 30810, on a subsequent hold above this level it may move towards 31350-31400 levels.
Nifty futures open Interest stayed flat for the second straight session as no fresh positions got added. Nifty(spot) closed marginally below its 21DMA of 11828, any subsequent stay below this level may weaken Nifty further to test its next support of 11730-11680 levels.
OI in BankNifty went up by +4.1% as fresh shorts got added. BankNifty(spot) would stay weak below its 21DMA of 30905 can slip towards 30400-30250 levels.
Nifty futures open Interest went up by +2.1% indicating addition of fresh Shorts. Nifty(spot) after breaking its 21DMA it closed around its 50DMA of 11681, if continues to stay below this level then further downside can be expected towards 11630-11590 levels. Any close below 11590 may led to filling of the gap in candlestick chart that was created last month.
OI in BankNifty declined by -9.7% as longs got un-winded. BankNifty(spot) too in line with Nifty may fill the gap on a close below 30100 levels, on the upside, 30700 would be the resistance.
Nifty futures open Interest declined by -2.8% indicating wind-up of short positions. Nifty(spot) closed around its 50DMA of 11681, it has to hold above this level for any bounce back, on the downside, 11640 and 11590 would be the support levels.
OI in BankNifty declined by -5.4% as Shorts got un-winded. BankNifty(spot) tested its 50DMA of 30200 levels in the last two sessions, may consolidate in the range of 30200-30700, any break in this range would set the next trend.
Nifty futures open Interest declined further by -2.8% indicating wind-up of short positions. Nifty(spot) managed to hold on marginally above its 50DMA of 11681 amidst volatility, if fails to hold in the next session then it can retest 11590 levels, on the upside, 11800 would be the resistance.
OI in BankNifty went up by +4.9% as fresh longs got added. BankNifty(spot) in the last three sessions had taken support above 30200 levels, it has to hold above this level for a bounce back towards 30700-30800, on the downside any close below 30200 may weaken it further.
Nifty futures open Interest declined by -2.4% as Shorts got un-winded. Nifty(spot) bounced back from its recent lows and closed near to its 21DMA of 11860, it has to break and hold above this level for any further upside.
OI in BankNifty went up by a huge +14.6% indicating addition of fresh longs. BankNifty(spot) after taking support around 30200 levels bounced towards 30800 levels, it may try to test its resistance of 31000 in the next session, a hold above 31000 is required for further upside.
Nifty futures open Interest(combined three months) stayed flat indicating no addition of fresh positions. Nifty(spot) seems to be caught between its 21 & 50DMA of 11860-11687, it has to close out of this range for the next trend to set.
OI in BankNifty went up by +4.6% as fresh longs got added. BankNifty(spot) would stay with positive bias above 31400, trend will turn negative only below 30200 levels, on the upside its 21DMA of 31023 would be the resistance.
Nifty futures open Interest(combined three months) increased by +2.7% indicating longs are being rolled over to July contract. Nifty(spot) managed to hold above its 50DMA of 11689 in the last few sessions and this would be the pivot level in today's session.
OI in BankNifty went up by +1.6% as longs got added. BankNifty(spot) has slipped into a narrow range of 30800-30500 in the last two sessions, would continue to consolidate.
