Open Interest Analysis

[Jayakumar.int]

Nifty 11004(-72) BankNifty 27855(-244)

Nifty futures open Interest went up by +4.6% indicating addition of fresh shorts. Nifty(spot) had taken support above its 21DMA of 10969 in the last few sessions, it has to hold above this level to move up further, on the downside 10890-10860 would be the support level.

OI in BankNifty declined by -4.9% as longs got un-winded. BankNifty(spot) would consolidate in the range of 28100-27600, any break in this range would set the next trend.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR below 1 at 0.8 indicating bears has a upper hand in today's session, Nifty futures would stay weak as long as it holds below 11000.

 

[Jayakumar.int]

Nifty 10818(-186) BankNifty 27132(-723)

Nifty futures open Interest went up by +1.8% as fresh shorts got added. Nifty(spot) weakened as it slipped below 10960, can move towards its recent lows of 10750-10650 levels.

OI in BankNifty increased by +1% indicating addition of shorts. BankNifty(spot) has weakened below its 21DMA of 27572, can test its support of 26700 levels.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.6 indicating heavy short positions, today will be a volatile day as of now its a trading day only for high risk takers for Shorts stoploss should be around 10890.

 

[Jayakumar.int]

Nifty 10841(+23) BankNifty 27173(+41)

Nifty futures open Interest declined by -3.3% indicating wind-up of long positions. Nifty(spot) would weaken further if breaks and holds below 10790, on the upside, 10900-10930 would be resistance.

OI in BankNifty decreased by -3% as longs got un-winded. BankNifty(spot) would stay with negative bias as long as it holds below 27500 levels, near by support would be 27000-26850 levels.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.5 indicating heavy short position, Nifty futures trend would stay weak below 10800, today being weekly expiry short covering possible if Nifty futures breaks above 10800 in the afternoon session, so as of now be in short with strict SL above 10800.

 

[Jayakumar.int]

Nifty 10705(-136) BankNifty 26758(-415)

Nifty futures open Interest increased by +2.7% as fresh shorts got added. Nifty(spot) closed near to its last month's low of 10637, this would be its support level, if managed to hold above this levels in the next few sessions then some bounce back can be expected.

OI in BankNifty went up by +1.1% as shorts got added. BankNifty(spot) in line with Nifty closed above its August month low of 26560, has to hold above this level for any bounce back.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.8 some shorts are being covered yesterday it was 0.5, Nifty futures would stay with positive bias if holds above 10700.

 

[Jayakumar.int]

Nifty 11274(+569) BankNifty 28982(+2224)

Nifty futures open Interest(combined three months) went up by a huge +10.4% as fresh longs got rolled over to October contract. Nifty(spot) surged above its 200DMA of 11230 indicating bullishness, if holds above this level then it can move towards 11350-11400 levels.

OI in BankNifty went up by +3.2% as longs got added. BankNifty(spot) would stay with positive bias above its 200DMA of 28670, can head towards 29300-29400.

 

[Jayakumar.int]

Nifty 11600(+326) BankNifty 30566(+1584)

Nifty futures open Interest(combined three months) declined by -3.3% as shorts got un-winded. Nifty(spot) opened above its 100DMA of 11418 and closed around 11600 levels, current rally would stay intact as long as Nifty stays above 11418, consolidation at higher levels in the wider range of 11400-11700 expected ahead of expiry.

OI in BankNifty decreased by -1.3% indicating wind-up of shorts. BankNifty(spot) broke above 30000 level with ease in the last session, expected to stay with positive bias as long as holds above 29900.