Nifty 10583(+92) BankNifty 25688(+385)
Nifty futures open Interest went up by +3% indicating addition of fresh longs. Technically, Nifty(spot) seems to be heading towards its resistance of 10630-10650 levels. The crucial GDP data that’s expected on Wednesday evening may influence the next major movement in Nifty.
OI in BankNifty went up by +2.5% as Longs are added. BankNift(spot) rose sharply in the last two sessions, it may stay in the range of 25550-25950.
Nifty futures open Interest went up by +3% indicating addition of fresh longs. Technically, Nifty(spot) seems to be heading towards its resistance of 10630-10650 levels. The crucial GDP data that’s expected on Wednesday evening may influence the next major movement in Nifty.
OI in BankNifty went up by +2.5% as Longs are added. BankNift(spot) rose sharply in the last two sessions, it may stay in the range of 25550-25950.