Open Interest Analysis

[Jayakumar.int]

Nifty 11428(+87) BankNifty 28555(+373)

Nifty futures open Interest went up by +2.3% indicating addition of fresh longs. Nifty(spot) closed above 11400 levels after a gap of few weeks, if happens hold above 11400 then it can gain further strength to move towards 11470-11500 range.

OI in BankNifty stayed flat in the last session as no fresh positions got added. BankNifty(spot) closed above its recent trading range of 27900-28500, on a subsequent stay above 28500 it can move towards 28800-28900 levels.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.3, morning trend indicates Nifty futures would stay in the range of 11410-11470.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.3, marginal longs are being added when compared to 11.30am trend, if Nifty futures manages to hold above 11450 then it can move towards 11500.

 

[Jayakumar.int]

Nifty 11464(+36) BankNifty 28539(-16)

Nifty futures open Interest declined by -3.1% as shorts got unwinded. Nifty(spot) closed above its 100DMA of 11405 for the last two sessions, it may try to test its next resistance of 11520-11550 range.

OI in BankNifty decreased by -4.9% indicating wind-up of short positions. BankNifty(spot) would stay with positive bias as long as holds above 28500 can move towards 28800-28900 levels.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.3, morning trend indicates Nifty futures would stay with positive bias in the range of 11440-11500, would gain strength once breaks and holds above 11500.

 

[Jayakumar.int]

Nifty 11586(+122) BankNifty 28989(+450)

Nifty futures open Interest declined by -1.3% as shorts got un-winded. Nifty(spot) gained strength once it broke above 11500 levels it may move towards its next resistance of 11640-11670 levels.

OI in BankNifty went up by +2.8% as fresh longs got added. BankNifty(spot) can gain further strength above 29000 levels can move towards its 100DMA of 29369.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.2, morning trend indicates Nifty futures would stay in the range of 11570-11640, it seems upside is limited at current levels.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.2, Nifty futures has broken its morning range of 11570-11640 on the upside, if holds above 11640 then it can move towards 11675.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.2, PCR has not increased from 1.2 longs are not being added as expected better to exit longs or SL should be 11625.

 

[Jayakumar.int]

Nifty 11662(+76) BankNifty 29120(+131)

Nifty futures open Interest declined by -2.9% indicating wind-up of shorts. Nifty(spot) would continue to stay with positive bias as long as it holds above 11500 levels would try to break and hold above its last month high of 11695.

OI in BankNifty decreased by -9.2% as shorts got un-winded. BankNifty(spot) if continue to stay above its 200DMA of 28863 then it can move towards 29350-29450 range.