Nifty futures open Interest increased by +2.3% as further long positions got accumulated. Nifty(spot) managed to close above its 21DMA of 11545, any subsequent stay above this level may take it towards 11650-11670 levels.
OI in BankNifty stayed flat indicating no addition of fresh positions. BankNifty(spot) took support around its 50DMA of 27409 in the last few sessions and only a close below this level would weaken BankNifty further, on the upside 27600-27650 would be the resistance.
Nifty futures open Interest stayed almost flat for the day as there were no addition of fresh positions. Technically, Nifty(spot) failed to move above its 21DMA indicating weakness, if breaks and stays below its recent low of 11394, then it can slip towards 11330-11300 levels.
OI in BankNifty went up by a huge +11.7% as fresh shorts got added. BankNifty(spot) would stay weak below 27500 may head towards 26900-26850
Nifty futures open Interest decreased by -1.2% indicating wind up of long positions. Nifty(spot) slipped further to test its 50DMA of 11274, may weaken further to test 11200-11150 if breaks and stays below its 50DMA.
OI in BankNifty went up further by +9% as further shorts got added. BankNifty(spot) would continue to stay weak below its 50DMA of 27436 may head towards 26650-26600 levels.
Nifty futures open Interest decreased by -2.3% indicating wind up of short positions. Nifty(spot) bounced from its 50DMA of 11288, current bounce will have resistance around 11420-11470 levels. It would weaken further if closes below its 50DMA.
OI in BankNifty stayed flat in the last session as there were no fresh addition of positions. BankNifty(spot) closed marginally above its 100DMA of 26796, if manages to hold above this level some bounce back till 27000-27050 is expected.
Nifty futures open Interest decreased by -1.9% indicating wind up of short positions. Technically, Nifty(spot) is heading towards its 21DMA of 11540, for any further upside it has to break and hold above 11540, if failed to move above then it may fill the gap on the downside in candlestick chart that it had created on Friday’s session.
OI in BankNifty declined by -17.1% as most of the Shorts that was created last week seems to be covered. BankNifty(spot) has to hold above 27000 levels for any further upside, any slip below 27000 may once again drag it towards 100DMA of 26818.
Nifty futures open Interest decreased by -0.9% as longs got wind up. Nifty(spot) would stay with negative bias below 11500 levels may test its 50DMA of 11317, if breaks and holds below this level then it may weaken further.
OI in BankNifty increased by +4.5% indicating addition of fresh short positions. BankNifty(spot) settled marginally below its 100DMA of 26836, if continue to hold below then it can re-test its recent lows of 26550 levels.
Nifty futures open Interest stayed almost flat -0.5% indicating no significant addition of positions. Nifty(spot) settled below its 50DMA of 11327, if breaks and stay below its recent low of 11250 then Nifty may test its next support of 11200-11150 levels.
OI in BankNifty went up by a huge +25% as fresh shorts got added, its one of the highest addition in recent times. Technically, BankNifty(spot) would stay weak below its 100DMA of 26852, it may move towards 26200-26100 levels.
Nifty futures open Interest declined by -2.6% as longs got wind up. Technically, Nifty(spot) would stay with negative bias below 11350 levels, near by support would be around 11200-11170 levels.
OI in BankNifty went up by +4.3% indicating addition of fresh Short positions. BankNifty(spot) would continue to stay bearish below 26650 levels. It may find some support around its 200DMA of 26106.
Nifty futures open Interest decreased by -8.7% indicating wind up of long positions. Technically, Nifty(spot) would continue to stay weak below 11350 levels, on the downside Nifty may find support around 11000 levels.
OI in BankNifty increased by +6.7% as fresh shorts got added. BankNifty(spot) would stay weak below 26100 levels, other than technicals BankNifty movement would be influenced by the factors that led to steep selloff on Friday’s session.
Nifty futures open Interest (combined three months) declined by -3.1% as longs got wind up. Nifty(spot) weakened further by closing below its 100DMA of 11028, and this level would act as near by resistance. If Nifty continue to stay below its psychological level of 11000 then it can re-test last weeks low of 10866.
OI inBankNifty declined by -1.5% indicating wind up of long positions. BankNifty(spot) went into a panic mode by slipping deep below its 200DMA of 26106 in a short span of time, it would stay weak below 25600.
