Open Interest Analysis

[trendtrade]

Dear Sir,

You have to take into consideration the last 45mins of trade if index closes flat. In yesterday's scenario it was flat closing and BankNifty too was not supportive so i took it as short. Today also same scenario closing weak, but close on close its up by +75 points so i have taken as long.

Thanks for the clarification brother. That makes sense.

With my best regards

 

[Jayakumar.int]

Nifty 11019(-4) BankNifty 26936(-91)

Nifty futures open interest stayed flat for the day indicating no fresh positions. Technically, Nifty(spot) may consolidate in the range of 10950-11050 any break in this range would set the next trend.

OI in BankNifty declined by -3.5% indicating windup of long positions. Technically, only a close below 26800 may change the current trend. On the upside, any break and stay above 27150 may strengthen the positive trend.

 

[Jayakumar.int]

Nifty 10937(-82) BankNifty 26680(-256)

Nifty futures open interest declined by -2.9% indicating windup of long positions. Technically, Nifty(spot) had weakened below 10950, any subsequent stay below may drag it towards 10880-10850 levels. On the upside, it has to close above 11000 for the trend to reverse.

OI in BankNifty decreased by -6% as long positions got windup. Technically, BankNity(spot) had lost strength below 26800, it may head towards 26500-26400 levels. On the upside, 27000 would be the near by resistance.

 

[Jayakumar.int]

Nifty 11008(+71) BankNifty 27008(+328)

Nifty futures open interest increased by +2.4% indicating addition of long positions. Technically, after testing 10950 levels Nifty(spot) bounced sharply and settled above 11000 levels, it may stay with positive bias above 10950 levels with resistance at 11070-11120.

OI in BankNifty went up by +3.5% as fresh longs got added. BankNifty(spot) closed above 27000 levels with up in OI may enable bulls to attempt a breakout above 27150 that failed to happen last week.

 

[Jayakumar.int]

Nifty 10980(-28) BankNifty 26881(-127)

Nifty futures open interest declined by -2.1% indicating windup of long positions. In the last five trading sessions Nifty(spot) had formed a range of 10930-11070, it may stay in the same range for couple of sessions, any close out of this range would set the next trend.

OI in BankNifty decreased by -2.4% as longs got windup. BankNifty(spot) may strengthen above 27150, it would continue to stay with positive bias above 26800.

 

[Jayakumar.int]

Nifty 10957(-23) BankNifty 26790(-91)

Nifty futures open Interest decreased by -2.6% as longs got windup. Technically, Nifty(spot) may weaken if breaks and closes below 10930, on the upside 11000-11030 would be the near by resistance.

OI in BankNifty declined by -1.21% indicating windup of long positions. BankNifty(spot) closed marginally below 26800 any subsequent stay below may drag it towards 26600 levels.

 

[Jayakumar.int]

Nifty 11010(+53) BankNifty 26873(+84)

Nifty futures open Interest increased marginally by +0.9% indicating addition on long positions. Technically, Nifty(spot) would stay with positive bias above 10930, it needs to break above 11050 for a significant upside from current levels.

OI in BankNifty declined by -1.4% as shorts got windup. Technically, BankNifty(spot) had formed a range of 27050-26750 in the last few sessions, a close out of this range would set the next trend.

 

[Jayakumar.int]

Nifty 11085(+75) BankNifty 27008(+135)

Nifty futures open interest (combined three months) went up by +2.1% indicating addition of fresh long positions. Technically, Nifty(spot) closed above its resistance of 11050, it may stay with positive bias above 11000 can move towards 11170-11200 levels.

OI in BankNifty declined by -5.9% as shorts got windup. BankNifty(spot) may gain strength above 27150 levels, if breaks and hold then it can move towards 27350-27450 levels.

 

[Jayakumar.int]

Nifty 11134(+50) BankNifty 26974(-34)

Nifty futures open interest increased by +2.5% indicating addition of fresh long positions. Technically, Nifty(spot) would continue to stay with positive bias above 11000 levels with resistance at 11170-11200 levels.

OI in BankNifty went up by +3.1% as fresh shorts got added. BankNifty(spot) continue to stay in the range of 26650-27150, has to break this range for next trend to set.

 

[Jayakumar.int]

Nifty 11132(-2) BankNifty 27031(+57)

Nifty futures open interest decreased by -1.3% as longs got windup. Technically, Nifty(spot) has yet to break above its all time high of 11172, may test 11200-11220 if moves past its life time high.

OI in BankNifty increased by +1.7% indicating addition of long positions. BankNifty(spot) continued to stay in a narrow range may strengthen above 27150.