Nifty futures open Interest declined further by -1.7% indicating windup of long positions. Nifty(spot) would stay with negative bias below 10900 levels, may weaken further if closes below 10700.
OI in BankNifty declined by -3.6% as longs got unwinded. BankNifty(spot) would weaken if breaks and stays below 27400 levels, 27700 would be the resistance.
Nifty futures open Interest stayed almost flat indicating no significant additions of positions. Nifty(spot) closed marginally above its support of 10700 levels, in the last few sessions Nifty's trading range had been narrowed down to 10870-10690, it has to break this range for the next trend to set.
OI in BankNifty declined by -1% indicating windup of long positions. BankNifty(spot) closed near to its 21day moving average of 27181, if breaks then it can test its support of 26900. On the upside, 27400-27450 would be its near by resistance.
Nifty futures open Interest went up by +3% indicating addition of fresh long positions. Nifty(spot) closed above its 21day moving average of 10816, on stay above this level it may test its recent high of 10950-10970 levels.
OI in BankNifty increased by +1.7% as fresh longs got added. BankNifty(spot) closed near to its resistance of 27400-27450, any break above 27450 may enable it to move towards 27700 levels.
Nifty futures open Interest declined by -1.9% indicating windup of long positions. Nifty(spot) found resistance around 10930 levels, may stay weak if failed to break above 10930-10950 levels in the next few sessions.
OI in BankNifty increased by +3.6% as fresh longs got added. BankNifty(spot) would stay with positive bias as long as it holds above its 21day moving average of 27231.
Nifty futures open Interest declined by -1.3% as Shorts got unwinded. In the last few sessions, Nifty(spot's) various moving averages such as 21,100 and 200 had been narrowing down and getting closer to one another, if Nifty(spot) continue to hold above all these average then it can break above its recent high of 10985.
OI in BankNifty increased by +2.9% as fresh longs got added. BankNifty(spot) would continue to stay with positive bias above its 21day moving average of 27248, may strengthen further if breaks and holds above its resistance of 27750.
Nifty futures open Interest stayed almost flat -0.6% in the last session indicating no fresh positions. Nifty(spot) continued to stay above its near by support of 10850 amidst volatility, it has to break above its resistance of 10950-10970 on close basis for any significant upside.
OI in BankNifty decreased by -5.2% as longs got unwinded. BankNifty(spot) would stay neutral with positive bias as long as it stays in the range of 27250-27650.
Nifty futures open Interest went up by +0.9% indicating marginal addition of long positions. Nifty(spot) closed near to its recent high of 10985, there's possibility that it may break 11000 levels in the next session, on the downside if slips below 10900 levels then Nifty may weaken.
OI in BankNifty stayed almost flat +0.7% in the last session. BankNifty(spot) has resistance at 27650 and 27750 levels, it may stay neutral in the range of 27250-27650.
Nifty futures open Interest declined up by -1.9% as long position got wind up. Nifty(spot) failed to break above 10985 levels, any break and stay below 10900 would drag Nifty towards 10830 levels.
OI in BankNifty decreased by -2.4% indicating unwinding of long positions. BankNifty(spot) continued to stay in the range of 27250-27650 for the last six trading sessions, it has to break this range for the next trend to set.
Nifty futures open Interest stayed flat in the last session as no fresh positions got added. Nifty(spot) closed around its 21day moving average of 10830, it may find support around 10800-10770 levels, only a close below 10770 would weaken Nifty further.
OI in BankNifty stayed flat in line with Nifty's OI. BankNifty(spot) settled near to its support of 27250, if breaks and stays below then it can move towards 27000-26950 levels, on the upside if holds above 27250 then it may once again move towards its upside of its recent range of 27250-27650.
Nifty futures open Interest stayed flat for the second straight session. Nifty(spot) near by support would be its 50day moving average of 10776, on the upside 10900-10930 would be the resistance.
OI in BankNifty declined by -8.9% indicating unwinding of long positions. BankNifty(spot) continued to stay near to its support of 27250 may weaken if breaks below 27200 can move towards 26950-26900 levels.
