Open Interest Analysis

Jayakumar.int

Well-Known Member
#11
Nifty futures open Interest was down by -4.1% its lowest levels of OI in November contract, Nifty was at same levels of 10350 when November contract opened. Lower trading volumes may also be one of the reason for wind up in long position. Technically, Nifty would continue to stay bullish above 10300 levels.

For BankNifty futures Open interest was marginally down by -0.26%, still long position are holding in BankNifty, it may remain with positive bias as long as the support of 25500(in futures) remains intact.
 

Jayakumar.int

Well-Known Member
#12
Nifty futures open interest was down by -1.95% as markets stayed in a narrow range with below average volumes. Nifty(spot) support remains at 10300 and 10230, while resistance would be 10380 and 10430 respectively.

In BankNifty futures long positions seems to be unwinding on failure to move beyond 25900 levels, OI was down by -2.36%. BankNifty futures would remain in the range of 25600-25900.
 

Jayakumar.int

Well-Known Member
#13
Nifty futures open Interest was down by -2.53% as it has been caught in a narrow range of 10300-10400 in the last few days. Only a break in the aforesaid trading range would set the trend in short term.

BankNifty futures OI increased by +1.68% indicating marginal rise in long position, BankNifty futures remains strong when compared to Nifty, a stay above 25600 would lead to 26200 in the coming days.
 

Jayakumar.int

Well-Known Member
#14
Nifty futures open interest (combined three months) was up marginally by +0.58% indicating rollover to next month contract. As current week being, expiry of November month derivative contract volatility is expected. Technically, Nifty(spot) would stay with positive bias above 10320 levels.

For BankNifty futures OI was up by +5.37% indicating a healthy rollover to next contract. BankNifty(spot) may stay with positive bias above 25500 levels.
 

Jayakumar.int

Well-Known Member
#15
Nifty futures open interest (combined three months) went up (+1.7%) for the second straight session with Nifty futures closing above 10400 levels. A subsequent stay above 10400 may take Nifty futures towards 10470-10490 levels.

Open Interest in BankNifty futures was down by -1.52% as it broke its narrow trading range and closed above 25900 levels. It seems some profit booking of long position that was created around 25700 levels, still some upside left in BankNifty futures that can take it towards 26200-26300 levels.
 

Jayakumar.int

Well-Known Member
#16
Nifty futures open interest (combined three months) went up by +1.1%, at the same time Nifty futures closed below 10400 levels. Markets seems to be cautious ahead of September quarter GDP data that would be known on Nov 30th. Nifty may continue with its range bound movement.

Open Interest in BankNifty futures reduced further by -2.1%, indicating windup in long position ahead of GDP numbers, trading range for next two days would be 25700-25900.
 

Jayakumar.int

Well-Known Member
#17
Nifty futures open interest (combined three months) was marginally down(OI -0.18%) in the last session. Rollover of contracts seems to lower than last month indicating aggressive position would be taken after much awaited GDP numbers. Lots of action awaits next month such as RBI’s meeting on monetary policy and Gujarat elections.

In BankNifty futures long position are getting wind up(OI -3.4%), fresh positions are expected to build up by Friday’s session.
 

Jayakumar.int

Well-Known Member
#18
Nifty futures open interest (combined three months) went up by 7.7% , usually once the new contract opens OI will take couple of days to get stabilized. Technically, Nifty has weakened below 10300 levels, as markets have both good and bad news in form of better GDP and concern of rising fiscal deficit, we have to wait and watch how market reacts.

BankNifty OI went up by +6.3%, and it had broken the trading range of 25700-25900 on the downside indicating weakness.
 

Jayakumar.int

Well-Known Member
#19
Nifty futures Open Interest went up by +2.5% in December contract with fall in Nifty(spot) indicating shot position. Technically, Nifty has weakened as it break below its 50day moving average of 10183 with better volumes . Near by support levels are 10060 and 10020 respectively.

In BankNifty futures OI was up by +8.4% along with fall in spot indicating addition of shot position, it would stay weak below 25450 levels. Short term support levels are 24900 and 24780 respectively.
 

Jayakumar.int

Well-Known Member
#20
Nifty futures Open Interest was up by +3.6% with Nifty(spot) closing flat for the day, it can be treated as shot position as Nifty(spot) stays below 10200 levels. It can find support around its 100day moving average of 10067, any break below may take Nifty towards 10020.

In BankNifty futures OI was up by a whopping +12.3%, indicating addition of further shot position. BankNifty(spot) may continue to remain weak below 25300, may head towards 24800 levels.
 

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