Open Interest Analysis

[Jayakumar.int]

Nifty 10598(+68) BankNifty 25738(+140)

Nifty futures open Interest continued to stay flat in the last few sessions. Nifty(spot) would continue to stay bullish above 10450 levels, near by resistance levels would be 1066010690.

OI in BankNifty decreased by -17% indicating wind up of long positions. BankNifty(spot) would find resistance around 25900 levels, on the downside 25500 would be the support level, any break below 25500 would lead to 25350 levels.

 

[Trader_Jay]

Nifty 10598(+68) BankNifty 25738(+140)

Nifty futures open Interest continued to stay flat in the last few sessions. Nifty(spot) would continue to stay bullish above 10450 levels, near by resistance levels would be 1066010690.

OI in BankNifty decreased by -17% indicating wind up of long positions. BankNifty(spot) would find resistance around 25900 levels, on the downside 25500 would be the support level, any break below 25500 would lead to 25350 levels.
View attachment 30336

There is one parameter missing , LTP or Price that you consider to calculate these LONG and SHort position.
Hope you add one more column for Price change or Price change%

 

[Jayakumar.int]

There is one parameter missing , LTP or Price that you consider to calculate these LONG and SHort position.
Hope you add one more column for Price change or Price change%

Ok....will add %change column.

 

[Jayakumar.int]

Nifty 10585(-13) BankNifty 25771(+34)

Nifty futures open Interest stayed flat for the third straight session indicating no fresh addition of positions. In the last few sessions, Nifty(spot) had been in a narrow range of 10480-10630, may gain further strength if closes above 10630. On the downside, 10480-10450 would be the support level.

OI in BankNifty increased by +7.6% as fresh longs got added. BankNifty(spot) may gain further if breaks and closes above its 50day moving average of 25924, while 25500 would be the nearby support level.

 

[Trader_Jay]

Ok....will add %change column.

i requested that , because i think this would be good addition to community and for people looking to understand, why you say Long , Short.

Cheers !!

 

[Trader_Jay]

I believe Adani is about to do final push on the basis of Open interest analysis.

Trading range between 155-175

Some analysis based on it and parallel channel.

Adani Enterprise chart analysis Link

 

[timepass]

View attachment 30410

View attachment 30409


I believe Adani is about to do final push on the basis of Open interest analysis.

Trading range between 155-175

Some analysis based on it and parallel channel.

Adani Enterprise chart analysis Link

Please let the thread starter jayakumar.int continue with his analysis of nifty and banknifty options in this thread. For other scrips we welcome you to open a new thread or post in General Trading Chat thread.

Thanks, and looking forward to your participation.

 

[Trader_Jay]

Please let the thread starter jayakumar.int continue with his analysis of nifty and banknifty options in this thread. For other scrips we welcome you to open a new thread or post in General Trading Chat thread.

Thanks, and looking forward to your participation.

Ok thank you for letting me know.
I will open new thread for analysis. I thought this OI is for all stocks OI analysis.

Thanks

 

[Jayakumar.int]

Nifty 10482(-103) BankNifty 25540(-231)

Nifty futures open Interest after staying flat last week, increased by +2.3% indicating addition of fresh Short positions. Nifty(spot) would stay with negative bias below its resistance of 10630, can test its 21day moving average of 10372 on a stay below 10630.

OI in BankNifty declined by a huge -14% as long position got wind up. BankNifty(spot) has to close above its 50day moving average of 25870 for any significant upside, there's also possibility that it can move towards 25350-25250 to fill the gap on the downside in candlestick chart which it had created on Nov 02nd.

 

[Jayakumar.int]

Nifty 10583(+100) BankNifty 25769(+229)

Nifty futures open Interest stayed almost flat -0.8% indicating marginal Short unwinding. Nifty(spot) had formed a trading range of 10450-10650 in the last two session, its now heading towards the higher side of this range.

OI in BankNifty increased by +3.1% as fresh longs got added. BankNifty(spot) is once again heading towards its recent resistance of 25850-25900 levels, has to close above this level to gain further strength, if failed then it wold once again slip into its recent trading range.