Open Interest Analysis

[Jayakumar.int]

Nifty 11688(+25) BankNifty 30736(+165)

Nifty futures open Interest declined by -4.5% indicating wind-up of short positions. Nifty(spot) has resistance around 11710-11730 where its 50 & 21DMA resides, has to break and hold above this range for any further upside.

OI in BankNifty stayed almost flat in the last session as no fresh positions got added. BankNifty(spot) after testing its resistance of 30770 managed to hold above 30700 levels may try to move towards its 21DMA of 30881, on the downside 30430 would be the support.

 

[Jayakumar.int]

Nifty 11597(-91) BankNifty 30431(-305)

Nifty futures open Interest stayed flat as no fresh positions got added. Nifty(spot) failed to move above 11700 and moved towards its 100DMA of 11560, any break and stay below this level may weaken Nifty further.

OI in BankNifty was flat for the second straight session. BankNifty(spot) slipped below 30500 levels may weaken further on a break and hold below 30330.

 

[DanPSup]

@Jayakumar.int : I did not read the whole thread so I am asking you directly: Did you ever compare OI demand from Nifty Futures and Bank Nifty Futures day by day on different months?

 

[Jayakumar.int]

@Jayakumar.int : I did not read the whole thread so I am asking you directly: Did you ever compare OI demand from Nifty Futures and Bank Nifty Futures day by day on different months?

I take all the three months contract OI only in the expiry week as most rollover happens in the last week.

 

[Jayakumar.int]

Nifty 11419(-178) BankNifty 29770(-661)

Nifty futures open Interest(combined three months) stayed flat in the last session as no fresh positions got added. Nifty(spot) filled the gap in the candlestick chart that had formed in the month of May, any subsequent stay below 11500 may take it towards 11290-11250 levels.

OI in BankNifty declined by -3.23% as longs got unwinded. BankNifty(spot) closed below its 100DMA of 29912 indicating weakness. It may move towards 29550-29500 to fill the gap in line with Nifty.

 

[Jayakumar.int]

Nifty 11337(-82) BankNifty 29275(-495)

Nifty futures open Interest(combined three months) declined by -3.6% indicating wind-up of long positions. Nifty(spot) continued with its down-trend and tested 11300 levels, any break and stay below 11300 may drag it further towards 11250 levels, on the other if manages to hold above 11300 in the next few sessions then it may consolidate in the range of 11300-11470.

OI in BankNifty went down by -6.7% as longs got un-winded. BankNifty(spot)'s current trend would change only if it closes above its 100DMA of 29934, on the downside 28850 would be the support level.

 

[Jayakumar.int]

Nifty 11331(-15) BankNifty 29128(-157)

Nifty futures open Interest(combined three months) went up by +9.2% indicating rollover of short positions to August contract. Nifty(spot) closed near to its support of 11300 levels, it has to stay above this level for a bounce back, if fails to hold then it can move towards 11250-11230 levels.

OI in BankNifty increased by +7.6% as fresh shorts got added. BankNifty(spot) continued to stay weak can test its next support of 28850, on the upside has to move above 29400 for a bounce back.

 

[Jayakumar.int]

Nifty 11271(-60) BankNifty 28952(-176)

Nifty futures open Interest(combined three months) went up by +2.7% indicating addition of fresh longs. Nifty(spot) closed at its two-month low, can find support around it's May month's low of 11150-11170 levels, near by resistance on a bounce back would be 11350-11390.

OI in BankNifty increased by +2.7% as fresh Shorts got added. BankNifty(spot) tested its support of 28850 in the last session, if manages to hold above this level then it may bounce towards 29300-29350 levels.

 

[Charles07]

Nifty 11271(-60) BankNifty 28952(-176)

Nifty futures open Interest(combined three months) went up by +2.7% indicating addition of fresh longs. Nifty(spot) closed at its two-month low, can find support around it's May month's low of 11150-11170 levels, near by resistance on a bounce back would be 11350-11390.

OI in BankNifty increased by +2.7% as fresh Shorts got added. BankNifty(spot) tested its support of 28850 in the last session, if manages to hold above this level then it may bounce towards 29300-29350 levels.
View attachment 36504

Why is it Fresh longs for Nifty.. ? Is it not Shorts

 

[Jayakumar.int]

Why is it Fresh longs for Nifty.. ? Is it not Shorts

I take into consideration the last 30-40mins of trade.....while Nifty managed to hold above 11250 irrespective of volatility on Wednesday's session, I expected a short covering on Thursday morning. On Thursday's session Nifty failed to hold above 11300....so i have taken as Short on yesterday's session, while BankNifty managed to hold above 29000(on Thursday) its a Short covering, may be hedge against Nifty by big players due to high volatility.