Nifty futures open Interest stayed flat in the last session. Technically, Nifty(spot) had weakened below 10490 levels may head towards its next support of 10350-10330 levels.
OI in BankNifty went up sharply by +7.3% indicating addition of fresh short positions. BankNifty(spot) may weaken further below 25650 may head towards 25400-25350 levels.
Nifty futures open Interest declined by -2.1% indicating unwinding of short positions. Technically, Nifty(spot) bounced back from 10420 levels, it had formed a range of 10420-10550 in the last few sessions, may retrace towards 10630 if able to hold above 10400 levels in the coming days.
OI in BankNifty declined marginally by -1% indicating Short unwinding. Technically, BankNifty(spot) failed to break below 25650 levels, if holds then it can move towards 26250-26300 levels.
Nifty futures open Interest declined by -2% indicating wind up of short positions. Technically, Nifty(spot) would stay with positive bias above 10490 levels, it may move towards 10670-10690 levels.
OI in BankNifty decreased by -8.9% indicating covering of short positions that was created on May 23rd. Technically, BankNifty(spot) would stay bullish above 25950, it may edge towards 26400-26470 levels.
Nifty futures open Interest(combined three months) increased by +1.9% indicating addition of fresh long positions. Technically, Nifty(spot) would consolidate in the range of 10630-10730 for the next few days, it has to stay above its 21day moving average of 10670 for further upside.
OI in BankNifty declined by -2.8% as shorts were unwinded. Technically, BankNifty(spot) would continue to stay bullish above 26250 levels.
Nifty futures open Interest(combined three months) increased by +7.2% indicating addition of fresh short positions. Technically, Nifty(spot) would stay with negative bias below 10670 would have support at 10590-10550 levels.
OI in BankNifty declined by -8.9% indicating wind up of long positions. Technically, BankNifty(spot) closed near to its support of 26250, any subsequent stay below its support may drag it towards 26000 levels.
Nifty futures open Interest(combined three months) increased by +3.9% indicating addition of long positions. Technically, Nifty(spot) in the candlestick chart had filled the gap it had created on Monday’s session, it may stay with positive bias if holds above 10550.
OI in BankNifty went up by +5.2% as fresh longs got added. Technically, BankNifty(spot) would stay bullish above 26000 may re-test its recent high of 26600-26700 levels.
Nifty futures open Interest(combined three months) went by a huge 11% indicating rollover of long positions to June contract. Technically, Nifty(spot) would stay positive above 10630 levels, may move towards 10780-10830 levels.
OI in BankNifty went up by +28% indicating a positive rollover and on expectations of further gains in Banking major HDFCBank(as FIIs window will be open tomorrow). Technically, BankNifty(spot) would stay positive above 26500 levels.
Nifty futures open interest increased by +2.6% indicating addition of fresh short positions. Technically, Nifty(spot) will weaken only on a close below 10630, on the upside 10760-10800 would be the near by resistance levels.
OI in BankNifty declined by -4.5% indicating wind up of long positions. Technically, BankNifty(spot) would consolidate in the range of 26500-27000, any break in this range would set the next trend.
Nifty futures open interest went up by +4.4% indicating addition of fresh short positions. Technically, Nifty(spot) closed below its 21day moving average of 10663 any subsequent stay below this level may weaken it further and drag Nifty towards 10570-10540 levels.
OI in BankNifty declined by -3.8% as Shorts got unwinded. Technically, BankNifty(spot) settled below 26500 levels indicating weakness may move towards 26000-25900 levels.
Nifty futures open interest stayed flat indicating no significant addition of positions. Technically, Nifty(spot) would stay in the range of 10550-10630, any break in this range would set the next trend.
OI in BankNifty declined by -4.9% indicating unwinding of short positions. Technically, BankNifty(spot) took support at 26000 in the last session if holds above then it can test its upside of the recent range 26000-26500. RBI’s monetary policy would have an impact in the afternoon session.
