Open Interest Analysis

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR(put call ratio) at 1.32 went up suddenly when Nifty futures broke above 10960-10970, so that would be days support, Nifty futures can move towards 11045-11060.

 

[Jayakumar.int]

Nifty 11003(+57) BankNifty 27505(+257)

Nifty futures open Interest declined by -1.9% indicating wind-up of short positions. Nifty(spot) would stay with positive bias as long as it holds above its 21DMA of 10961, it may move towards its next resistance of 11100-11130 levels.

OI in BankNifty increased by +4.9% as fresh longs got added. BankNifty(spot) broke and closed above its resistance of 27300, it may move towards its 21DMA of 27635, any break and stay above this level may provide further strength.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.53 with Nifty futures in positive this indicates trend would be positive above 11025 expected resistance at 11095-11100. CMP 11065

 

[Jayakumar.int]

Nifty 11036(+33) BankNifty 27776(+271)

Nifty futures open Interest stayed almost flat indicating no addition of fresh positions. Nifty(spot) would stay with positive bias as long as it holds above 10960, near by resistance would be 11100-11130 range.

OI in BankNifty increased by +3% as fresh longs got added. BankNifty(spot) broke and closed above its 21DMA of 27638, any subsequent stay above this level would result in testing 27900-28000 range, on the downside 27400 would be the support.

 

[Jayakumar.int]

Nifty 10983(-53) BankNifty 27819(+43)

Nifty futures open Interest went up by +1.9% as fresh shorts got added. Nifty(spot) closed marginally above its 21DMA of 10967, it has to hold above this level for a up-move, on the downside, 10930-10890 would be the near by support.

OI in BankNifty declined by -10.1% indicating wind-up of long positions. BankNifty(spot) got resistance above 28000 levels, if fails to move above 28000 then it can test its 21DMA of 27624.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1 indicating a flat trend with negative bias as long as Nifty futures holds below 11000.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR around 1 it continues to stay flat indicating 11000 in Nifty futures would be pivot level for the day.

 

[Jayakumar.int]

Nifty 11076(+96) BankNifty 28099(+280)

Nifty futures open Interest declined by -2.2% as shorts got un-winded. Nifty(spot) after taking support around its 21DMA bounced above 11050 levels, it may consolidate and move towards its next resistance of 11130-11160 levels.

OI in BankNifty went-up by +2.6% indicating additions of fresh longs. BankNifty(spot) in line with Nifty took support above its 21DMA of 27600 and closed above 28000 levels, it would stay strong above its support of 27800 levels can move towards 28400-28450 range.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.23 indicating Nifty futures is not that weak as expected trading range would be 11020-11080.

 

[Jayakumar.int]

Open interest Analysis - for intraday

11020-11080 range broken on the downside indicating weakness 10980-10975 can be tested. PCR at 1.1 declined from 1.23.