Nifty futures open Interest(combined three months) went up by +10.9% indicating rollover of Short positions. Nifty(spot) struggled to hold above 11300 levels, if breaks and holds below 11190 then it can test its 200DMA of 11130, on the upside it has to break and hold above 11300 for a bounce back.
OI in BankNifty declined by -7.3% indicating wind-up of Short positions at lower levels. BankNifty(spot) may weaken further if breaks and holds below 28850, on the upside it has to move above 29200 for a bounce back.
Nifty futures open Interest declined by -1.5% indicating wind-up of Short positions. Nifty(spot) has to break the range of 11190-11330 for the next trend to set, expected to stay volatile in the current range.
OI in BankNifty remained flat in the last session as no fresh positions got added. BankNifty(spot) would stay with positive bias as long as it holds above 29100 levels, can test its next resistance of 29550-29650 levels.
Nifty futures open Interest went up by +6.7% as fresh shorts got added. Nifty(spot) after testing its 200DMA of 11140 closed around its support of 11190, it may weaken further on a close below 11140, on the upside 11330 would be the near by resistance.
OI in BankNifty increased by +8.7% indicating addition of fresh longs. BankNifty(spot) managed to hold above its support of 29100, it has to break the range of 29100-29600 for the next trend to set.
Nifty futures open Interest stayed flat in the last session as no fresh positions got added. Nifty(spot) closed below its 200DMA of 11144, it would stay weak as long as holds below 11250, can test its next support of 10990.
OI in BankNifty declined by -1.5% indicating wind-up of long positions. BankNifty(spot) broke below its support of 29100 levels, would stay weak below 29100 and move to towards 28550-28450.
Nifty futures open Interest declined by -1.5% indicating wind up of Short positions. Nifty(spot) after testing 11000 levels bounced above 11100 levels, it has to break and close above its 200DMA of 11148 for any further bounceback.
OI in BankNifty declined by -1.9% as shorts got unwinded at lower levels. BankNifty(spot) has to close above its resistance of 29100 for any bounce back, on the downside 28550 would be the nearby support.
Nifty futures open Interest increased by +8.2%, based on last session's wild movement as it bounced back sharply from lows, it can be interpreted that both longs and shorts got added in equal numbers. Nifty(spot) has to close above 11060 for any bounce back, on the downside it can re-test 10900 levels.
OI in BankNifty went up by a huge +27.3% in high volatility there is possibility that BankNifty is used for hedging against Nifty. BankNifty(spot) closed around its 200DMA of 28331, if manages to hold above this level then it can bounce towards 28700-28800 levels, on the downside any close below its 200DMA would weaken it further.
Nifty futures open Interest marginally by +1.5% as fresh longs got added. Nifty(spot) had to move above 11060 for a further bounce back, on the downside its recent low of 10880-10850 would be the near by support.
OI in BankNifty declined by -6.2% indicating wind-up of short positions. BankNifty(spot) has to move above its 200DMA of 28348 for any bounce back, near by support would be 27900-27800.
Nifty futures open Interest declined by -5.6% indicating wind-up of short positions. Nifty(spot) after testing 11000 levels closed around 10950, it may bounce back further if breaks and holds above 11030, on the downside 10850 would be the near by support.
OI in BankNifty went down by -7.4% as shorts got un-winded. BankNifty(spot) if manages to hold above 28000 levels then it can test its 200DMA of 28373, on the downside, 27650 would be the near by support.
Nifty futures open Interest stayed flat in the last session as no fresh positions got added. Nifty(spot) failed to move above 11000 levels and slipped towards its support of 10850, it may weaken further if Nifty happens to break and hold below its recent low of 10783.
OI in BankNifty increased by +3.3% indicating addition of fresh shorts. BankNifty(spot) would stay weak below 28050, near by support would be 27450-27350 levels.
Nifty futures open Interest went up by +5% indicating addition of fresh longs. Nifty(spot) closed around its resistance of 11030, if manages to hold above this level then Nifty can move towards 11100-11140.
OI in BankNifty increased by +3.3% as fresh longs got added. BankNifty(spot) bounced from its lows to close above 28100, it would stay with positive bias above 28000, can move towards its 200DMA of 28398.
