Nifty futures open Interest(combined three months) declined by -2.5% indicating wind up of short positions as it closed above 10600. Technically, Nifty(spot) may stay with positive bias above 10580 can aim for its next resistance of 10670-10700 levels.
OI in BankNifty went up by +6.6% indicating addition of long positions. Technically, BankNifty(spot) would strengthen above 25130 may once again test its recent high of 25400-25450 levels.
Nifty futures open Interest(combined three months) increased by +2.94% indicating addition of fresh short position. Nifty(spot) once again slipped into the trading range of 10500-10600, may stay volatile ahead of April derivative expiry, a convincing close above its recent trading range would set the next trend.
OI in BankNifty increased by +7.4% indicating addition of fresh short position. Technically, BankNifty(spot) has weakened below 25000 levels, may head towards its support of 24600-24500.
Nifty futures open Interest(combined three months) went up by +5.7% indicating addition of long positions, it seems traders had rolled over both long and short positions into May contract in the last few sessions as Karnataka assembly election results would be a major event next month. Technically, Nifty(spot) would stay with positive bias if holds above 10600 levels may head towards 10680-10700.
OI in BankNifty increased by +4.8% as fresh longs got added to May contract. Technically, BankNifty(spot) would get more strength if breaks above 25130, then it can move towards 25400-25500 levels.
Nifty futures open Interest increased +4.2% indicating addition of long positions. Technically, Nifty(spot) would stay with positive bias above 10620 levels with resistance at 10750-10770.
OI in BankNifty went up by +19.2% as longs got rolled over to May contract. Technically, BankNifty(spot) may strengthen further if breaks and holds above 25450, then it can aim for 25600-25700 levels.
Nifty futures open Interest increased by +1.9% indicating addition of fresh long positions. Technically, Nifty(spot) would continue to stay bullish above 10650 levels may inch towards 10790-10820 levels.
OI in BankNifty declined by -3.4% indicating windup of short positions. Technically, BankNifty(spot) would stay with positive bias above 25350, may move towards 25700-25780 levels.
Nifty futures open Interest stayed flat without much change in the last session. Technically, Nifty(spot) would consolidate in the range of 10630-10800 with positive bias.
OI in BankNifty increased marginally by +1.4% indicating addition of long positions. Technically, BankNifty(spot) would stay bullish above 25350, it has resistance at 25700-25750 levels.
Nifty futures open Interest stayed flat for the second straight session as market consolidated. Technically, Nifty(spot) would continue to stay in the range of 10630-10800 levels.
OI in BankNifty went up marginally by +1.5% indicating addition of long positions. Technically, BankNifty(spot) has to break and close above 25750 for any significant upside from current levels.
Nifty futures open Interest continue to stay flat indicating no fresh positions are being built. Technically, Nifty(spot) would stay weak below 10700 levels may move towards 10580-10530.
OI in BankNifty remained flat in line with Nifty’s trend. Technically, BankNifty(spot) would weaken if breaks below 25550 level may slip towards 25400-25350 levels.
Nifty futures open Interest increased by +1% indicating addition of fresh long positions. Technically, Nifty(spot) may strengthen further if breaks and hold above 10730 then it can once again move towards 10780-10800 levels.
OI in BankNifty went up by a huge +13.7% indicating fresh long positions. Technically, BankNifty(spot) looks bullish above 25700 may move towards 26050-26150.
Nifty futures open Interest stayed almost flat in the last session indicating traders are cautious ahead of Karnataka assembly elections. There has been no significant build up of positions on either side since the beginning of May contract. Technically, Nifty(spot) would stay bullish above 10650 levels.
OI in BankNifty continue to rise significantly in the last two session +14.2% indicating addition of fresh long positions. Technically, BankNifty(spot) would stay bullish above 25750 levels.
