Nifty futures open Interest (combined three months) increased by +7.4% indicating rollover of Long positions. Nifty(spot) had strengthened above 10750 levels, now it may aim for its 100day moving average of 10956 levels, On the downside, 10750-10700 range would be the near by support levels.
OI in BankNifty increased by a huge 39% as Longs are being rolled over to December contract. BankNifty(spot) would stay with positive bias above 26500 levels, may consolidate and move towards 27200 levels.
Nifty futures open Interest stayed flat as no fresh position got added. Nifty(spot) would find resistance around 10950-10990 levels, for any significant uptrend from current levels it has to break and close above 11000 levels.
OI in BankNifty declined by -9.8% indicating wind up of long positions at higher levels. BankNifty(spot) may consolidate in the range of 26500-27000, any break in this range would set the next trend.
Nifty futures open Interest increased by +2% as fresh longs got added. Nifty(spot) would stay in the range of 10800-10950, current would weaken only below 10750.
OI in BankNifty declined by -2.1% indicating wind up of short positions. BankNifty(spot) would continue to stay in the range of 26500-27050. If failed to move above 27050 then it can slip towards its lower part of the range.
Nifty futures open Interest (combined three months) increased by +7.4% indicating rollover of Long positions. Nifty(spot) had strengthened above 10750 levels, now it may aim for its 100day moving average of 10956 levels, On the downside, 10750-10700 range would be the near by support levels.
OI in BankNifty increased by a huge 39% as Longs are being rolled over to December contract. BankNifty(spot) would stay with positive bias above 26500 levels, may consolidate and move towards 27200 levels. View attachment 31183
Nifty futures open Interest went up marginally by +1.2% indicating addition of short positions. Nifty(spot) has been on a narrow range of 10940-10830 in the last if breaks below 10830 then it can move towards 10770-10750 levels.
OI in BankNifty declined by -6.4% indicating wind up of Long positions at higher levels. BankNifty(spot) is moving towards its support of 26500, it may weaken further on a close below 26500 levels.
Nifty futures open Interest increased by +1.3% as fresh Shorts got added. Nifty(spot) bounced from its support of 10750, it has to close below this level for further weakness. On the upside, 10830 and 10870 are near by resistance levels. Next trigger for markets would be State election results next week.
OI in BankNifty went up by +4.7% indicating addition of fresh short positions. BankNifty(spot) settled marginally above its support of 25500, if breaks and stays below then it can move towards 26350-26300 levels. On the upside, 26750-26850 would be the resistance.
Nifty futures open Interest went up by +5.3% indicating addition of fresh Short positions. Nifty(spot) has weakened below 10750 levels, may head towards 10500-10450 levels.
OI in BankNifty declined by -10% as longs that was created at the beginning of the contract got unwinded. BankNifty(spot) would move towards its next support of 26000-25900 levels, it would stay with negative bias below 26500.
Nifty futures open Interest increased by +3% indicating addition of fresh long positions. In the last two sessions both longs and shorts had been created ahead of election results. Nifty(spot) has to stay above its 21day moving average of 10680 in the next few session for any significant upside.
OI in BankNifty went up by +11.5% as fresh long positions got added. BankNifty(spot) if continue to hold above 26500 levels then it can move towards 26900, if failed to hold then it can slip towards its recent lows of 26150.
Nifty futures open Interest declined by 1.6% as longs got wind up. Nifty(spot) closed below its 50day moving average of 10556 indicating weakness, it may test its next support of 10300-10350 levels.
OI in BankNifty declined by a huge -19.6% indicating wind up of long positions. BankNifty(spot) may weaken further if slips below its recent low of 25950, can slip towards 25750-25650 levels.
Nifty futures open Interest declined by -2.1% as short positions got wind up. Nifty(spot) continue to stay around its 50day moving average of 10545 amidst volatility in the last two session, it may consolidate in the range of 10450-10650.
OI in BankNifty went up by +6.1% indicating addition of fresh long positions. BankNifty(spot) would stay with positive bias above 25900 levels, near by resistance would be around 26500 levels.
