Nifty futures open Interest(combined three months) went up by +3.7% as fresh longs got added. Nifty(spot) continued with its up-trend and registered new life-time high closing, current positive trend would continue as long as Nifty stays above 11790.
OI in BankNifty increased by a huge +11% indicating rollover of long positions to June contract. BankNifty(spot) would stay with positive bias above 31000 can move towards its next resistance of 31800-31900 levels.
Nifty futures open Interest(combined three months) increased by +7.7% indicating addition of fresh longs. Nifty(spot) stayed with positive bias amidst volatility in the last session, would once again test its all-time high of 12041.
OI in BankNifty declined marginally by -1.4% as shorts got un-winded. BankNifty(spot) consolidated at higher levels would stay positive as long as holds above 31200.
Nifty futures open Interest(combined three months) went up by +5.1% indicating addition of fresh short positions, in the last two sessions both longs and shorts are being rolled over in equal numbers. Nifty(spot) had found resistance above 11900 levels in the last two sessions,it has to break and hold above 11900 for a move above 12000 levels.
OI in BankNifty declined by -3% indicating wind-up of long positions at higher levels. BankNifty(spot) current trend would change only if its breaks and closes below 31000 levels, may consolidate above 31000 before moving up.
Nifty futures open Interest(combined three months) stayed flat in the last session as no fresh positions got added. Nifty(spot) once again moved above 11900 indicating bullishness, subsequent stay above this level may take it towards 12000-12050 levels.
OI in BankNifty went up by +4.2% indicating addition of fresh longs. BankNifty(spot) bounced from 31200 levels to close above 31500, may move towards 31750-31800 on a stay above 31200.
Nifty futures open Interest declined by -3.2% indicating un-winding of long positions. Nifty(spot) may consolidate at higher levels in the range of 11800-12000, it has to close above 12050 for any significant upside.
OI in BankNifty got reduced by -1.1% as longs got unwinded. BankNifty(spot) would face resistance at higher levels above 31600, as long as it holds above 31000 would consolidate with positive bias.
Nifty futures open Interest went up by +8.8% indicating addition of fresh longs. Nifty(spot) hit its new life-time high of 12103 in the last session, it would stay bullish above 12000 levels to move towards 12140-12170.
OI in BankNifty increased by +9.1% as fresh longs got added. BankNifty(spot) closed near to its resistance of 31700-31750, if breaks and holds above then it can aim for 32000 levels.
Nifty futures open Interest declined by -2.6% indicating wind-up of long positions. Nifty(spot) managed to hold above 12000 levels in the last session, near by support would be 11960 any subsequent stay above this level may once again take Nifty above 12100.
OI in BankNifty went up by +3.3% as fresh shorts got added. Ahead of RBI's monetary policy meeting it seems both longs and shorts are being added in the last two sessions, but compared to shorts, longs are in good numbers based on the last four sessions OI data. BankNifty(spot) has resistance at 31750 has to break and stay above this level so that it can move towards 32000, on the downside 31200 would be the support.
Nifty futures open Interest stayed flat in the last session indicating no fresh addition of position irrespective of heavy movement. Nifty(spot) failed to hold above its support of 11960 levels, would stay with negative bias as long as holds below 11960-12000 levels.
OI in BankNifty too remained flat in line with Nifty. BankNifty(spot) slipped below its support of 31200 to close around 30850, would stay weak below 31200, near by support would be 30550-30600 levels.
Nifty futures open Interest declined by -3.9% indicating un-winding of short positions. Nifty(spot) bounced from its low of 11770 in the last session, it may stay neutral in the range of 11770-12000 levels any break in this range would set the next trend.
OI in BankNifty declined marginally by -1.2% as shorts got un-winded. BankNifty(spot) would stay weak below 31200 has to close above this level for a up-trend. On the downside, 30700-30600 would be the support level.
Nifty futures open Interest stayed flat amidst market volatility in the last session. Nifty(spot) has to close above its resistance of 11960-12000 range for any significant upside, on the other hand its recent low of 11770 would be the support level.
OI in BankNifty remained flat indicating no fresh addition of positions. BankNifty(spot) has to move above its resistance of 31300-31400 levels for any further up-move, on the downside, 30600 would be the support level.
