Nifty 11512(-59) BankNifty 29877 (-126)
Nifty futures open Interest declined by -4.3% as longs got un-winded. Nifty(spot) has to move and hold above 11600 for any significant upside, on the downside, its 100DMA of 11410 would be the support level.
OI in BankNifty went up by +8.8% indicating addition of fresh shorts. BankNifty(spot) would face resistance in the range of 30150-30200, while its 100DMA of 29473 would be the near by support level.
Nifty futures open Interest declined by -4.3% as longs got un-winded. Nifty(spot) has to move and hold above 11600 for any significant upside, on the downside, its 100DMA of 11410 would be the support level.
OI in BankNifty went up by +8.8% indicating addition of fresh shorts. BankNifty(spot) would face resistance in the range of 30150-30200, while its 100DMA of 29473 would be the near by support level.