Open Interest Analysis

Nifty 11167(+35) BankNifty 27406(+375)

Nifty futures open interest increased by +1.9% as fresh longs got added. Technically, Nifty(spot) registered its new life time high, the positive momentum may stay intact above 11090 levels, may aim to break above 11200 levels.

OI in BankNifty went up by a huge +30.1% indicating rollover of long positions to August contract. BankNifty(spot) at last broke above its resistance of 27150, it may stay with positive bias and move towards 27600-27700 levels in the coming days.
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Nifty 11278(+111) BankNifty 27634(+228)

Nifty futures open interest went up by a huge +9.5% as it hit its new lifetime high. Technically, Nifty(spot) would continue to stay with strong momentum on a hold above 11150 levels may move towards 11350-11370 levels.

OI in BankNifty went up further by +10.6% indicating addition of long positions. BankNifty(spot) may stay with positive bias above 27300 may head towards 27800-27850 levels.
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Nifty 11320(+41) BankNifty 27843(+208)

Nifty futures open interest increased by +4.4% as fresh longs got added. Technically, Nifty(spot) would stay with positive bias above 11200 with resistance at 11370-11380 levels.

OI in BankNifty went up by +7.2% indicating addition of fresh long positions. BankNifty(spot) would continue to stay bullish above 27450, the near by resistance would be 27950-28050 levels.
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Nifty 11357(+37) BankNifty 27764(-78)

Nifty futures open interest increased by +5.2% indicating further addition of long positions. Technically, Nifty(spot) may stay with positive bias above 11260 with resistance at 11390-11420 levels.

OI in BankNifty declined by -10.6% as longs got windup at higher levels. BankNifty(spot) may find resistance around 27900-28000, may stay in the range of 27450-27950 for the next few sessions.
oi jul 31.png
 

Jayakumar.int

Well-Known Member
Nifty 11346(-10) BankNifty 27597(-168)

Nifty futures open interest increased by +3.4% indicating addition of fresh Short positions. Technically, Nifty(spot) would find resistance around 11400 levels nearby support levels are 11260 and 11220 respectively .

OI in BankNifty continued to decline sharply with longs unwinding their positions. BankNifty(spot) would stay with positive bias above 27450, may find resistance at 27800 levels.
oi Aug 01.png
 

Jayakumar.int

Well-Known Member
Nifty 11245(-102) BankNifty 27356(-241)

Nifty futures open Interest decreased by -1.6% indicating unwinding of long positions. Technically, Nifty(spot) closed below its support of 10260 any subsequent stay below this level may enable it to test the support of 11180-11150 levels.

OI in BankNifty declined by -2.3% as longs wind up their positions. BankNifty(spot) would stay with negative bias as long as it holds below 27450 may test its next support of 27230-27180 levels.
oi Aug 02.png
 

Jayakumar.int

Well-Known Member
Nifty 11361(+116) BankNifty 27696(+340)

Nifty futures open Interest increased by +2.9% indicating addition of fresh long positions. Nifty(spot) bounced back sharply from its lows, it would stay with positive bias above 11260 may move towards 11400-11420 levels.

OI in BankNifty went up by a huge 14.9% as fresh longs got added. After falling for three straight sessions, BankNifty(spot) recovered to settle near 27700, it may stay bullish above 27450 and move towards its recent high of 27900 levels.
oi Aug 03.png
 

Jayakumar.int

Well-Known Member
Nifty 11387(+26) BankNifty 27899(+203)

Nifty futures open Interest increased marginally by +0.5% as fresh longs got added. Technically, Nifty(spot) would stay bullish above 11290 levels may move towards 11430-11450 levels.

OI in BankNifty went up by a huge +11.7% indicating addition of further long positions. BankNifty(spot) would stay with positive bias above 27600, may move towards 28100-28200 levels.
oi Aug 06.png
 

Jayakumar.int

Well-Known Member
Nifty 11389(+2) BankNifty 27876(-23)

Nifty futures open interest increased by +1.3% as fresh longs got added. Nifty(spot) faced resistance around 11430 levels in the last two sessions, may consolidate in the range of 11300-11450.

OI in BankNifty went up by around +3% indicating addition of fresh long positions. Technically, BankNifty(spot) may stay with positive bias above 27700, would gain strength if breaks and holds above 28000 levels.
oi Aug 07.png
 

Jayakumar.int

Well-Known Member
Nifty 11450(+61) BankNifty 28062(+187)

Nifty futures open Interest increased by +3.3% indicating addition of fresh long positions. Technically, Nifty(spot) would stay with positive bias above 11350 levels, may find resistance around 11480-11500 levels.

OI in BankNifty declined by -2.1% as longs got windup at higher levels. BankNifty(spot) if holds above 28000, then it can head towards 28200-28250.
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