Open Interest Analysis

[Jayakumar.int]

Nifty 10531(+53) BankNifty 25539(+49)

Nifty futures OI went up by +4.7% indicating long positions are being rolled over to January. Technically, Nifty(spot) remains bullish above 10430 levels, near by resistance are 10560 and 10595 respectively.


OI in BankNifty futures declined by -1.2% which indicates long positions are being windup as BankNifty(spot) struggles at higher levels. Technically, BankNifty(spot) has stuck in the range of 25400-25700, any break in this range would set the short term trend.

 

[Jayakumar.int]

Nifty 10436(-95) BankNifty 25318(-221)

Nifty futures open interest decreased by -3% indicating Long wind up. Technically, Nifty(spot) has weakened below 10500 levels. It has settled near to the lower range of 10430-10530 at which it had stayed for the last few sessions. If Nifty(spot) happened to break below 10430 and OI increased in the next session then it can move towards 10350-10320 levels.

OI in BankNifty went up by +4.9% indicating fresh short buildup. Technically, BankNifty(spot) has weakened below 24450 with support at 25180-25080 levels.

 

[Jayakumar.int]

Nifty 10442(+7) BankNifty 25338(+20)

Nifty futures OI went up by +0.7% but its not significant as Nifty(spot) settled flat in the last session. Technically, Nifty(spot) continue to stay in the trading range of 10430-10530, a close below 10430 is required so that it can weaken further. On the positive side, FIIs who were sellers for most part of the year 2017, have been net buyers for the last few sessions and may provide cushion for Nifty if they continue to be net buyers in the coming days.

OI in BankNifty increased by +2.9% indicating addition of Short positions. BankNifty(spot) closed below its 50day moving average of 25380. Any subsequent stay below 25380 may take it towards 25170-25070 levels.

 

[Jayakumar.int]

Nifty 10443(+1) BankNifty 25319(-20)


Nifty futures open interest went up by +3.5% indicating fresh Short positions, as Nifty(spot) failed to move above 10500 levels. Technically, Nifty(spot) continue to stay in a narrow range for more than a week. Any break and stay below 10430 may weaken Nifty further, may head towards 10350-10300 levels.

OI in BankNifty increased by a massive +14.3% indicating further addition of Short positions. Technically, BankNifty(spot) remains weak below 25400 levels with support at 25070-25000 levels.

 

[Raj232]

Nifty 10443(+1) BankNifty 25319(-20)


Nifty futures open interest went up by +3.5% indicating fresh Short positions, as Nifty(spot) failed to move above 10500 levels. Technically, Nifty(spot) continue to stay in a narrow range for more than a week. Any break and stay below 10430 may weaken Nifty further, may head towards 10350-10300 levels.

OI in BankNifty increased by a massive +14.3% indicating further addition of Short positions. Technically, BankNifty(spot) remains weak below 25400 levels with support at 25070-25000 levels.

Thanks Jayakumar ji for your information. It would be great if you post some calculations as well which would make it even more interesting to read.

 

[Jayakumar.int]

Nifty 10505(+62) BankNifty 25463(+144)

Nifty futures open interest increased by +1.7% indicating addition of fresh Short position as Nifty(spot) continue to stay in the same trading range of 10430-10530. Shorts may be covered if Nifty happens to close above 10530 levels. If fails to break above 10530 then Nifty would be stuck in the same range waiting for a trigger, that may happen next week in the form of IIP data and results of key index stocks.

OI in BankNifty declined by -1% indicating marginal exit of Short positions. Technically, resistance for BankNifty(spot) remains at 25600, Short covering may happen only if breaks above 25600.

For Calculations refer the attached fileOI datas are updated in NSE website after 5pm)

 

[Jayakumar.int]

Nifty 10559(+54) BankNifty 25463(+144)

Nifty futures open interest went up by +5.7% indicating fresh longs being created as Nifty(spot) hit new lifetime highs. The shorts that was created below 10500 levels are yet to be covered. Technically, Nifty(spot) has become bullish above 10530 levels with resistance at 10600-10630.

OI in BankNifty went up by +8.1% indicating fresh long positions, with shorts yet to be covered. Technically, BankNifty(spot) would stay bullish if holds above 25500 with resistance at 25750-25800 levels.

As Shorts are yet to be covered in both Nifty and BankNifty, markets are expected to be volatile and may react according to key Index stocks results and data’s such as IIP and Inflation.

 

[Jayakumar.int]

Nifty 10624(+65) BankNifty 25676(+74)

Nifty futures open interest increased further by +4.1% indicating fresh long positions and technical's favoring bulls with resistance at 10665-10695 levels.

OI in BankNifty went up by a huge +18% indicating fresh long position, OI in BankNifty has both Long and Shorts equally, with Shorts below 25400 and Longs above 25600 levels. Shorts may be covered if BankNifty(spot) closes above 25800 otherwise it may stay and consolidate in the range of 25400-25800 levels.

 

[Jayakumar.int]

Nifty 10637(+13) BankNifty 25704(+28)

Nifty futures open interest went up further by +4.6% as fresh longs are added. Nifty continued to stay bullish with lower trading volumes in the last few sessions. Technically, Nifty(spot) would stay with positive bias above 10530 levels.

BankNifty OI went up by +4% as fresh longs are added. Technically, BankNifty(spot) may consolidate in the range of 25400-25800, with positive bias. As there are huge positions on both side, it may be covered only if breaks above these range.

 

[Jayakumar.int]

Nifty 10632(-5) BankNifty 25617(-87)

Nifty futures open interest went up by +3.4% indicating fresh longs as Nifty held above 10600 levels. Technically Nifty(spot), continue to stay bullish above 10550 irrespective of lower trading volumes. In the next few sessions, index movement would be influenced by quarterly results of TCS and Infosys, crucial market data’s such as IIP and Inflation are expected by end of this week.

BankNifty OI declined by -8.4% as longs are getting wind up with BankNifty struggling to hold above 25700 levels. Next major movement in BankNifty(spot) would be once it breaks the range of 25400-25800.