Nifty 12087 (+115) BankNifty 32014(+349)
Nifty futures open Interest stayed flat in the last session as no fresh positions got added. Nifty(spot) had gained strength once it broke above 12000 level may face resistance around its life-time high of 12160.
OI in BankNifty declined by -7.6% indicating wind-up of short positions. BankNifty(spot) had once again turned bullish above its 21DMA of 31533, can move towards 32200-32250 range.
Nifty futures open Interest stayed flat in the last session as no fresh positions got added. Nifty(spot) had gained strength once it broke above 12000 level may face resistance around its life-time high of 12160.
OI in BankNifty declined by -7.6% indicating wind-up of short positions. BankNifty(spot) had once again turned bullish above its 21DMA of 31533, can move towards 32200-32250 range.