Open Interest Analysis

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.9, Nifty futures would stay with negative bias as long as holds below 11620.

 

[Jayakumar.int]

Nifty futures open Interest(combined three months) remained flat in the last session. Nifty(spot) has to break its current trading range of 11550-11670 for the next trend to set.

OI in BankNifty too in line with Nifty stayed flat. BankNifty(spot) has to break and hold above 29700 for any significant upside, on the downside 29100 would be its near by support level.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.2, Nifty futures would stay with positive bias as long as holds above 11690 can move towards 11740-11750.

 

[Jayakumar.int]

Nifty 11787(+160) BankNifty 29873(+357)

Nifty futures open Interest(combined three months) went up by a huge +10.7% as fresh longs got added. Nifty(spot) broke its recent trading range on the upside, would stay bullish above 11700 can move towards 11850-11890 range.

OI in BankNifty increased by +9.6% as longs got accumulated. BankNifty(spot) would stay with positive bias above 29500, next resistance would be around 30100-30200.

 

[Jayakumar.int]

Nifty 11844(+57) BankNifty 29988(+115)

Nifty futures open Interest(combined three months) stayed flat indicating no addition of fresh positions. Nifty(spot) is expected to consolidate in the range of 11750-11890 before moving up further.

OI in BankNifty declined by -2.3% as longs got un-winded at higher levels. BankNifty(spot) trading range for the next few sessions would be 29700-30100.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.4, Nifty futures would stay with positive bias as long as holds above 11860, resistance at 11925-11935, if happens to break day's low then volatility expected due to Expiry.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.5, PCR entering over bought zone, Volatility expected at higher levels, upside for Nifty futures limited from current levels.

 

[Jayakumar.int]

Nifty 11877(+33) BankNifty 30066(+78)

Nifty futures open Interest(combined three months) went up by a huge +11.2% indicating fresh shorts, in the last few sessions both longs and shorts are being rolled over in equal numbers. Nifty(spot) found resistance around 11900-11950 levels, consolidation expected in the range of 11750-11950.

OI in BankNifty declined by -8.6% as longs got un-winded. BankNifty(spot) would weaken if happens to break and hold below 30000, near by support would be 29750-29700.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1, PCR indicating a neutral trend at current levels, Nifty futures would turn positive only if breaks and holds above 11930, support at 11855-11860.

 

[Jayakumar.int]

Nifty 11891(+14) BankNifty 30331(+265)

Nifty futures open Interest stayed flat in the last session as no fresh positions got added. Nifty(spot) has to break and hold above 11950 for further upside, 11780 would be near by support.

OI in BankNifty went up by a huge +18.8% indicating addition of fresh longs. BankNifty(spot) would find resistance around 30450-30550 range, on the downside 29900 would be near by support level.