Open Interest Analysis

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.5 indicating heavy longs, as Nifty had gained much in the last two session, consolidation expected in the range of 11550-11650 today.

 

[Jayakumar.int]

Nifty 11588(-12) BankNifty 30183 (-383)

Nifty futures open Interest(combined three months) declined by -2.4% as Shorts got un-winded. Nifty(spot) would consolidate in the range of 11400-11700 in the next few sessions.

OI in BankNifty decreased by -4.1% indicating un-winding of longs at higher levels. BankNifty(spot)'s consolidation range would be 29900-30500 ahead of expiry.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.31 indicates Nifty futures would found support around 11450-11470, for shorts 11550 should be Stoploss.

 

[Tiger_Trader]

You should look at this tool for your Open Interest Analysis. I think it is currently free.

 

[Jayakumar.int]

Nifty 11440(-148) BankNifty 29586 (-597)

Nifty futures open Interest(combined three months) increased by +2.1% indicating addition of fresh shorts. Nifty(spot) closed above its 100DMA of 11413, this would be the level to watch if closes below 11413 then Nifty can slip towards 11350-11330, On the upside, 11500-11530 would be the resistance.

OI in BankNifty went up by +11.1% as fresh shorts got added. BankNifty(spot) after testing its 100DMA of 29471 managed to hold above its 100DMA, and this would be its pivot level in the next session.

 

[Jayakumar.int]

You should look at this tool for your Open Interest Analysis. I think it is currently free.

If possible note the time when there are high green bars or red bars being formed, it indicates once high green bars forms then Nifty going to fall likewise if high red bars then Nifty would go up.

 

[Tiger_Trader]

If possible note the time when there are high green bars or red bars being formed, it indicates once high green bars forms then Nifty going to fall likewise if high red bars then Nifty would go up.

Yep, I use this in conjunction with my EOD Analysis, if my EOD Analysis says "Buy Calls", I will look to buy in real time only if the Put buildup is increasing and is more than Call buildup. My preferred place is buy calls is when there is jump in put buildup and drop or flat call buildup. Vice versa for "Buy Puts"

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.5 Bulls in control, Nifty futures would stay with positive bias above 11540, may move towards 11620-11630

 

[Jayakumar.int]

Nifty 11571(+131) BankNifty 30003 (+417)

Nifty futures open Interest(combined three months) stayed almost flat in the last session. Nifty(spot) bounced to close above 11550 levels on the expiry day, any break and hold above 11600 would enable Nifty to test its recent high of 11695.

OI in BankNifty declined by -10.3% indicating wind-up of heavy short position that was created on Wednesday. BankNifty(spot) closed around 30000 levels amidst volatility in the last session may gain strength on a subsequent stay above 30000 to move towards 30300-30400 range, on the downside, 29500 would be the support.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1, indicating Nifty futures would stay weak below 11630 support at 11570-11565.