Nifty futures open Interest stayed flat in the last session as no fresh positions got added. Nifty(spot) closed marginally above its 100DMA of 11128, if failed to hold above this level then it may test its 200DMA of 11035.
OI in BankNifty declined by -1.8% as long positions got unwinded. BankNifty(spot) broke and closed below its last week's low of 28800 indicating weakness, would stay with negative bias below 28900 levels with next support at 28350-28450 levels.
Nifty futures open Interest declined by -4.5% indicating wind-up of short positions. Nifty(spot) managed to hold above its 100DMA of 11131, has to stay and consolidate above this levels for a bounce back towards 11300-11330 levels.
OI in BankNifty declined by -3.1% as Shorts got unwinded at lower levels. BankNifty(spot) would stay with positive bias on a stay above 28600 levels, can bounce towards 29100-29200 levels.
Nifty futures open Interest declined by -3.2% as longs got unwinded. Nifty(spot) managed to hold above its 100DMA of 11135 amidst volatility, if breaks and holds below then it can test 11050-11030 levels, on the upside last two session high's of 11300 would be the resistance.
OI in BankNifty stayed almost flat in the last session. BankNifty(spot) failed to move above 29000 in the last session, it may slip towards its next support of 28400-28450, for a bounce back it has to close above 28800.
Nifty futures open Interest declined by -1.6% as shorts got unwinded. Nifty(spot) bounced from its 100DMA of 11138, it would find resistance around 11300, has to close above this level for any significant upside.
OI in BankNifty decreased by -13.2% indicating wind-up of short positions. BankNifty(spot) has to break and hold above 29000 levels for the current trend to change.
Nifty futures open Interest increased by +3.7% indicating addition of fresh longs. Nifty(spot) broke and closed above its reistance of 11300 levels, may move towards its 50 and 21DMA of 11467, 11521. On the downside, 11300 would be the near by support.
OI in BankNifty decreased by -3.9% as shorts got un-winded. BankNifty(spot) closed above its 29391, it has to hold above this level for further upside, on the downside, 29000 would be the support level.
Nifty futures open Interest increased by +6.6% as fresh longs got added. Nifty(spot) surged on back of exit polls that predicted a win for the ruling BJP-led NDA, Nifty may carry on with the momentum and create fresh lifetime highs.
OI in BankNifty went up by a huge +21.9% indicating addition of long positions. BankNifty(spot) had a lifetime high closing, can move up further towards 30850-30900.
Nifty futures open Interest decreased by -2.4% as long position got un-winded at higher levels. Nifty(spot) after hitting its new lifetime high of 11883, slipped towards 11700 levels may stay cautious with volatility ahead of election results on May 23rd.
OI in BankNifty declined by -4.7% indicating wind-up of long positions. BankNifty(spot) after hitting its high of 30927 corrected more than 600 points in the last session, in line with Nifty it would stay volatile ahead of election results.
Nifty futures open Interest increased by +5.9% indicating addition of fresh longs ahead of election results. Nifty(spot) managed to stay above 11700 amidst volatility, elections results would influence the next trend for the next few sessions.
OI in BankNifty went up by +2.8% as fresh longs got added. BankNifty(spot) is expected to stay volatile and move in line with election results.
Nifty futures open Interest declined by -1.9% as longs got un-winded. Nifty(spot) after hitting its life-time high of 12041 slipped towards 11650 levels, current trend would stay positive as long as Nifty holds above its 21 and 50DMA of 11526.
OI in BankNifty increased by +7.7% indicating addition of fresh shorts. BankNifty(spot) had a wild swing of 1400 points in intraday and settled near to its day's low, it may stay volatile with negative bias on a hold below 30700 levels.
Nifty futures open Interest stayed flat in the last session as no fresh positions got added. Nifty(spot) bounced sharply from 11650 levels, would stay with positive bias above 11650 may test 11900-11950 levels.
OI in BankNifty increased by a huge +14% indicating addition of fresh longs. In the last two session both longs and shorts are being added which indicates market would stay in a wider range with positive bias the range may be 30600-31600.
