Nifty futures open Interest(three months combined) went up by +7.5% indicating rollover of Short positions. Nifty(spot) closed around its support of 10150 levels, any subsequent stay below this level would drag Nifty(spot) towards 10080 and 10020. For any bounce back it has to close above 10250.
OI in BankNifty increased by +8.4% as fresh Shorts got rolled over to November contract. BankNifty(spot) may weaken further if breaks and holds below 24900 levels, On the upside, it has to close above its 21Day moving average of 25100.
Nifty futures open Interest(three months combined) went up by +8.3% indicating addition of fresh Long positions. In the last two session both Longs and Shorts are being rolled over in equal numbers, Nifty(spot) may bounce back if breaks and holds above 10250, on the down side support levels are shifted towards 10100.
OI in BankNifty went up marginally by +1.3% as fresh Longs got added. BankNifty(spot) closed near to its 21day moving average of 25074, if breaks and holds above then it can gain strength to move towards 25400-25500 levels, while 24800 would be the support level.
Nifty futures open Interest(three months combined) increased by +10.4% indicating addition of fresh Long positions. Nifty(spot) has to move above 10220 for a bounce back, it may weaken and test 10000 levels if breaks and stays below 10090.
OI in BankNifty went up by +14.3% as fresh Longs got added. BankNifty(spot) has to break above its 21day moving average of 25066 for any significant upside, support levels would be 24650-24500.
Nifty futures open Interest went up by +3.6% indicating addition of fresh Short positions. Nifty(spot) would stay weak below 10120 levels, if breaks and stays below 10,000 levels then it can move towards 9960-9930.
OI in BankNifty increased by +6.2% as fresh shorts got added. BankNifty(spot) would stay negative below 24900 may slip towards 24200-24050 levels.
Nifty futures open Interest stayed flat indicating no addition of fresh positions. Nifty(spot) would stay with positive bias above 10150 levels, may head towards its 21day moving average of 10447.
OI in BankNifty declined by -5.6% as Shorts got covered. BankNifty(spot) closed near to its 21DMA of 25003, if breaks and holds above then it can test its resistance of 25300-25350 levels.
Nifty futures open Interest decreased marginally by -1.1% indicating wind up of long position. Nifty(spot) would stay with positive bias above 10150 levels, only a close below 10150 would weaken Nifty from current levels.
OI in BankNifty declined by -5.3% as Longs got unwinded. BankNifty(spot) has to close above 25000 for any significant upside, near by support levels are 24650-24600.
Nifty futures open Interest increased by +5.5% indicating addition of fresh Long positions. Nifty(spot) closed around its 21day moving average of 10384, if breaks and holds above then it can head towards 10460-10530 levels.
OI in BankNifty went up by +1.7% as fresh longs got added. BankNifty(spot) closed above its 21DMA of 24994, may gain further strength to move towards 25400-25500 levels.
Nifty futures open Interest stayed flat for the day as no fresh positions got added. Nifty(spot) settled above its 21day moving average of 10354, if continue to stay above then it can moe towards 10470-10530.
OI in BankNifty declined by -7.1% indicating wind up of Short positions. BankNifty(spot) would stay with positive bias above 25000 levels may test its next resistance of 25500-25600.
Nifty futures open Interest increased by +2.6% indicating addition of fresh long positions. Nifty(spot) would stay with positive bias above 10400 levels, in the next few sessions it may consolidate in the range of 10450-10650.
OI in BankNifty went up by a huge +12.3% as longs got accumulated. BankNifty(spot) may find resistance around 25850-25950 levels, on the downside 25350 would be the support level.
Nifty futures open Interest stayed flat for the day as no significant fresh positions got added. Nifty(spot) would stay in the range 10400-10600, Short term trend would change to negative only if Nifty closes below its 21day moving average of 10336.
OI in BankNifty too stayed flat in line with Nifty. BankNifty(spot) would stay in the range of 25900-25500, if closes below 25500 then there is possibility that it can fill the small gap on the downside in candlestick chart.
