Open Interest Analysis

Jayakumar.int

Well-Known Member
Nifty 10114 (-70) BankNifty 24263(-171)

Nifty futures open Interest increased by +5.7% indicating addition of Short positions in April contract. Technically, Nifty(spot) has to break and close above its 200day moving average of 10180 for any significant upside. On the downside, 10050 and 9990 would be the near by support levels.

OI in BankNifty decreased by -3.7% indicating no fresh addition of positions in April contract. Technically, BankNifty(spot) would stay neutral in the range of 24000-24500, any break in this range would set the short term trend.
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Jayakumar.int

Well-Known Member
Nifty 10212 (+93) BankNifty 24329(+65)

Nifty futures open declined by -0.9% indicating marginal wind up of Short positions as Nifty held above 10180 levels. Technically, Nifty(spot) may stay with positive bias if continue to hold above 10180 then it can head towards 10250 and 10290 levels.

OI in BankNifty increased by +8% indicating addition of fresh long positions. Technically, BankNifty(spot) has to break above 24500 for any further upside, on the downside 24000 would act as nearby support.
 

Jayakumar.int

Well-Known Member
Nifty 10245 (+33) BankNifty 24511(+182)

Nifty futures open Interest increased by +2.1% indicating addition of fresh long positions. Technically, Nifty(spot) would stay bullish above 10180 may head towards 10290 and 10330 levels.

OI in BankNifty went up by +1.3% indicating addition of fresh long positions. Technically, BankNifty(spot) would stay with positive bias above 24350 may head towards 24800-24900 levels.
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Jayakumar.int

Well-Known Member
Nifty 10128 (-117) BankNifty 24130(-381)

Nifty futures open Interest increased by a massive +12.7% indicating build up of heavy short positions. Technically, Nifty(spot) has weakened as it failed to hold above 10200 levels may stay volatile can retest its recent lows of 9950.

OI in BankNifty increased by a huge +15.5% indicating fresh shorts. BankNifty(spot) failed to hold above 24500 levels, may weaken further on a slip below 24000. RBI’s monetary policy may influence bank stocks in the afternoon session.
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Jayakumar.int

Well-Known Member
Nifty 10325 (+197) BankNifty 24760(+630)

Nifty futures open Interest declined by -2.9% indicating unwinding of short positions, but still more shorts are yet to be covered. Technically, Nifty(spot) may stay with positive bias above 10200 levels with resistance at 10390-10420 levels.

OI in BankNifty declined by -12.3% as most of the Short position that was created on Wednesday’s session getting covered after RBI’s monetary policy meeting. Technically, BankNifty(spot) would stay positive above 24500 with resistance at 24950-25050 levels.
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Tejas Khoday

Co-Founder & CEO, FYERS
Nifty 10114 (-70) BankNifty 24263(-171)

Nifty futures open Interest increased by +5.7% indicating addition of Short positions in April contract. Technically, Nifty(spot) has to break and close above its 200day moving average of 10180 for any significant upside. On the downside, 10050 and 9990 would be the near by support levels.

OI in BankNifty decreased by -3.7% indicating no fresh addition of positions in April contract. Technically, BankNifty(spot) would stay neutral in the range of 24000-24500, any break in this range would set the short term trend.
View attachment 24568
Hello @Jayakumar.int, Was browsing this thread. Is this a screenshot of a trading platform/analysis software of your excel sheet?
 

Jayakumar.int

Well-Known Member
Nifty 10332 (+6) BankNifty 24873(+113)

Nifty futures open Interest increased by +2.8% indicating addition of fresh short positions, irrespective of Nifty(spot) staying above 10300 levels Shorts that was created on April 04th remained intact indicating traders are expecting market to break below 10250 and 10200 amidst weak global indices.

OI in BankNifty declined by -2.4% indicating wind up of short position as BankNifty(spot) neared 25000 levels. Technically, BankNifty(spot) would find 25000-25050 as tough resistance, it has to close above 25050 for any further up side. On the other hand, 24550 would be the near by support.
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