Open Interest Analysis

Nifty 11427(+84) BankNifty 29381(+458)

Nifty futures open Interest went up further by +13% indicating addition of Fresh longs. Nifty(spot) current trend would stay intact as long as it holds above 11280 levels, volatility would increase at higher levels as Nifty went up by more than 600 points in the last ten sessions.

OI in BankNifty increased by +6.2% as fresh longs got added. BankNifty(spot) would continue to stay with positive bias above 28680, next resistance would be around 29550-29650 levels.

OI Mar 18.png
 
Nifty 11462(+35) BankNifty 29596(+215)

Nifty futures open Interest stayed flat in the last session as no fresh positions got added. Nifty(spot) would find resistance at 11500-11530 levels. On the downside, 11400-11370 would be the near by support levels.

OI in BankNifty stayed flat in line with Nifty's OI. BankNifty(spot) may weaken if fails to hold above 29500 levels, can move towards 29250. On the upside, if 29500 remains intact then it re-test its high's of 29800-29850 levels.

OI Mar 19.png
 
Nifty 11532(+70) BankNifty 29768(+172)

Nifty futures open Interest went up by +3.2% indicating addition of fresh longs. Nifty(spot) closed above 11500 levels after a long gap, with rise in OI bullishness remains intact, Nifty may move towards next resistance of 11590-11620 levels.

OI in BankNifty increased marginally by +1.2% as fresh longs got added. BankNifty(spot) went up further indicating a firm positive trend, current trend would stay intact as long as it stays above 29350 levels.

OI Mar 20.png
 
Nifty 11521(-11) BankNifty 29832(+64)

Nifty futures open Interest declined by -3.7% as Longs got unwinded at higher levels. Nifty(spot) continued to stay above 11500 sessions it may gain further strength if breaks and hold above 11550 levels, on the downside, 11450-11420 would be the near by support levels.

OI in BankNifty went down by -7.4% as Shorts got unwinded. BankNifty(spot) continue to stay strong at higher levels, may try to touch its psychological level of 30000 in the next few sessions, its near by support would be around 29400.

OI Mar 22.png
 
Where can I get this data in Fyers One? Fresh long, huge long etc.? I Want to understand this properly. are there any courses for this?
Usually this logic is used for finding out if there is Fresh Long or Fresh Short Creation etc. Although exact details could be provided by Jayakuar ji.

price increases OI increases -- New Longs
price decreases OI increases -- New Shorts
price decreases OI decreases -- Long Covering
price increases OI decreases -- Short Covering


Thanks and Regards
 
Nifty 11457(-64) BankNifty 29582(-250)

Nifty futures open Interest(three months combined) stayed flat on Friday's session. Nifty(spot) failed to hold above 11550 levels and this would be the resistance to watch for in the coming sessions. Any subsequent stay below 11550 may enable Nifty to test 11400 and 11370 levels.

OI in BankNifty declined by -7% indicating unwinding of Long positions. BankNifty(spot) after hitting its intraday high of 30008 slipped below 29600 levels, it may test its next support of 29350-29300 levels before moving up further.
OI Mar 25.png
 
Nifty 11354(-103) BankNifty 29281(-301)

Nifty futures open Interest(combined three months) declined by -3% as longs got unwinded. Nifty(spot) fell for the second straight session, it may find support around 11300-11270 levels, if managed to hold above its support in the coming sessions then it may fill the gap of 11400-11450 in the candlestick chart that had formed due to gap down opening in the last session.

OI in BankNifty went down by -4% indicating long unwinding. BankNifty(spot) in line with Nifty may try to fill its gap of 29330-29530 if holds above its support of 29000 levels.

OI Mar 26.png
 
Nifty 11483(+129) BankNifty 29882(+601)

Nifty futures open Interest(combined three months) increased by +3.1% indicating addition of fresh long positions. Nifty(spot) may gain further strength if breaks and holds above 11500, can test its recent highs of 11550 levels.

OI in BankNifty went up by +8.5% as fresh longs got added. BankNifty(spot) would try to break above 30000 levels, on a stay above 30,000 levels it may gain further to move towards 30200-30300 levels.

OI Mar 27.png
 

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