Open Interest Analysis

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.1, Nifty futures would stay bullish as long as holds above 11970, can move towards 12020-12030.

 

[Jayakumar.int]

Nifty 11941 (+50) BankNifty 30333(+2)

Nifty futures open Interest stayed flat for the second straight session as no fresh positions. Nifty(spot) closed near to its resistance of 11950-11980 range, any failure to break and hold above this range would weaken Nifty and drag it towards 11840-11790 range.

OI in BankNifty went up by a huge +12% as fresh shorts got added, in the last two-sessions both longs and shorts are added in equal numbers indicating volatility ahead, BankNifty(spot) if failed move above 30500 then it may slip towards 29900-29800 in the coming sessions.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.1, PCR indicates neutral trend, Nifty futures would stay weak as long as holds below 11980, support at 11930-11920.

 

[Jayakumar.int]

Nifty futures open Interest increased by +2.9% as fresh longs got added. Nifty(spot) had formed a narrow range of 11850-11970 in the last few sessions, it has to break this range for the next trend to set.

OI in BankNifty went up by +5.7% as shorts got added. BankNifty(spot) would stay with negative bias as long as it holds below 30450, near by support would be 29950-29850 levels.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.9, PCR indicates , Nifty futures would stay weak as long as holds below 11930, can move towards 11870-11860.

 

[Jayakumar.int]

Nifty 11966 (+49) BankNifty 30610(+390)

Nifty futures open Interest went up by +4.3% as fresh longs got added. Nifty(spot) after hitting 12000 closed above 11950, it may gain further strength once it moves and holds above 12000 levels.

OI in BankNifty increased by a huge +18.8% indicating addition of fresh longs. BankNifty(spot) closed above its resistance of 30500 any subsequent stay above this level may take it towards 30800-30850.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.9, PCR indicates neutral trend , Nifty futures trading range would be 11965-12035.

 

[Jayakumar.int]

Nifty 12012 (+46) BankNifty 30633(+23)

Nifty futures open Interest went up by +2.8% indicating addition of fresh longs. Nifty(spot) settled above 12000 if continue to stay above this level then it may try to break its life-time high of 12103.

OI in BankNifty increased by a +6.3% as additional longs got accumulated. BankNifty(spot) would continue to stay bullish as long as holds above 30400, near by resistance would be 30800-30850.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.8, PCR indicates negative trend, Nifty futures would stay bearish as long as holds below 12005, can slip towards 11955-11945.

 

[Jayakumar.int]

Nifty futures open Interest declined by -2.4% as longs got un-winded at higher levels. Nifty(spot) has found stiff resistance above 12000 levels, it would stay neutral as long as holds in the range of 11830-12030.

OI in BankNifty went up by a huge +19% as longs continue to get accumulated. BankNifty(spot) current bullish trend would turn neutral only if it closes below 30450.