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Open Interest Analysis

Nifty 10402(+23) BankNifty 25227(+133)

Nifty futures open Interest went up marginally by 0.9% indicating addition of long positions for the second straight session. Technically, Nifty(spot) has resistance around 10440 where its 50 and 100DMA resides, if breaks and holds then it can move towards 10480-10500 levels.

OI in BankNifty went up by a huge +14.3% indicating addition of fresh long positions. Technically, BankNifty(spot) would stay bullish above 24900 and may head towards 25500-25600 levels.
 
Nifty 10417(+15) BankNifty 25098(-129)

Nifty futures open Interest increased by 4.9% indicating addition of fresh long positions. Technically, Nifty(spot) has to break and hold above 10440 for any further upside. On the other hand, 10350-10330 would be the near by support levels.

OI in BankNifty declined by -2.6% which indicates wind up of long positions as it slipped from its highs. Technically, BankNifty(spot) would stay with positive above 24850.
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Nifty 10459(+42) BankNifty 25195(+97)

Nifty futures open Interest increased by +4.5% indicating addition of fresh long positions as Nifty(spot) broke above its resistance of 10440. Technically, Nifty(spot) would stay with positive bias above 10380 levels may aim for 10530-10550 levels.

OI in BankNifty went up by +4.8% as fresh longs were added. Technically, BankNifty(spot) would continue to stay positive above 24900 may move towards 25450-25550 levels.
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Nifty 10481(+22) BankNifty 25201(+6)

Nifty futures open Interest increased by +2.8% indicating addition of long positions. Technically, Nifty(spot) would face resistance around 10530-10550 levels, for any further upside it has to close above 10550. On the downside, 10400-10380 will be the near by support levels.

OI in BankNifty declined by -4.6% indicating wind up of long positions. Technically, BankNifty(spot) may consolidate in the range of 25000-25400, any break in this range would set the next trend.
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Nifty 10528(+48) BankNifty 25321(+120)

Nifty futures open Interest increased marginally by +0.9% indicating addition of long positions. Technically, Nifty(spot) would continue to stay with positive bias above 10430, it may aim for its next resistance of 10580-10600 levels.

OI in BankNifty went up by +3.8% as fresh longs got added. Technically, BankNifty(spot) would stay bullish above 25000 levels, it has to break and stay above 25400 for any significant upside, then it can move towards 25550-25650 levels.
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Nifty 10549(+20) BankNifty 25334(+14)

Nifty futures open Interest increased by +1.6% as fresh longs got added. Technically, Nifty(spot) stay bullish above its 100DMA of 10450 it may inch towards 10580-10620 levels.

OI in BankNifty went up by +5.1% indicating addition of fresh long positions. Technically, BankNifty(spot) has to break and hold above 25400 for further bullishness , on the downside 25000 would be the near by support level.
 
Nifty 10526(-23) BankNifty 25102(-232)

Nifty futures open Interest increased by +1.4% indicating addition of fresh short positions. Technically, Nifty(spot) may stay weak below 10600 levels with a downside range of 10450-10390.

OI in BankNifty declined by -4.8% as long position got wind up. BankNifty(spot) failed to hold above 25400 levels, this may result in profit booking with next support at 24900-24800 levels.
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Nifty 10565(+39) BankNifty 25126(+24)

Nifty futures open Interest remained flat without any change indicating no fresh addition of positions. Technically, Nifty(spot) has to break and hold above 10600 levels for further gains, otherwise it may test 10480-10450 levels.

In line with Nifty, OI in BankNifty too remained flat +0.6% with out much change. Technically, in the last few sessions, BankNifty(spot) had been on a range of 24950-25400, it has to break this range for the next trend.
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Nifty 10564(-1) BankNifty 24944(-182)

Nifty futures open Interest remained almost flat -0.5% for the second straight session. Technically, in the last few sessions Nifty(spot) stayed in the range of 10490-10600 levels, it has to break this range on close basis for short term trend.

OI in BankNifty stayed flat -0.6% in the last session. Technically, BankNifty(spot) had weakened below 25000 levels any subsequent stay below 25000 may drag it towards 24700-24600 levels.
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