Open Interest Analysis

Jayakumar.int

Well-Known Member
Nifty 11994-(54) BankNifty 31613(-258)

Nifty futures open Interest stayed flat for the second straight session. Nifty(spot) closed marginally above its 21DMA of 11973, it has to hold above this level for any bounce towards 12100-12150 range, if Nifty closes below its 21DMA then it can slip towards 11900-11800 range.

OI in BankNifty decreased by -2.7% as longs got un-winded. BankNifty(spot) closed at 31600 after testing its support of 31500, if happens to break and stay below 31500 then BankNifty can weaken further to slip towards 31250-31150 range.
OI Dec 04.png
 

Jayakumar.int

Well-Known Member
Nifty 12043 (+49) BankNifty 31979(+366)

Nifty futures open Interest continue to stay flat in the last few sessions as no fresh positions got added. Nifty(spot) managed to hold above its 21DMA of 11978 amidst volatility in the last session, Nifty would continue to consolidate in the range of 11950-12150.

OI in BankNifty went up by +5.4% indicating addition of fresh longs. BankNifty(spot) bounced after testing its support of 31500 levels, can once again move towards its last week's high of 32150.

OI Dec 05.png
 
Nifty 11922 (-96) BankNifty 31342(-371)

Nifty futures open Interest went up by +2.1% as fresh shorts got added. Nifty(spot) would stay weak as longs holds below its 21DMA of 11980, near by support would be 11860-11820.

OI in BankNifty decreased by -8.6% indicating un-winding of long positions. BankNifty(spot) closed around its 21DMA of 31361, any subsequent stay below this level may enable BankNifty to slip towards 31000-29900 levels.

OI Dec 09.png
 
Nifty 11938 (+16) BankNifty 31317(-25)

Nifty futures open Interest stayed flat as no fresh position got added. Nifty(spot) found resistance around its 21DMA of 11977, it has to move and hold above its 21DMA for any gains from current levels.

OI in BankNifty decreased by -8.8% as longs got un-winded. BankNifty(spot) would continue to stay with negative bias as long as it holds below 31500, near by support would be 30000-29900.

OI Dec 10.png
 
Nifty futures open Interest stayed flat as no fresh position got added.Nifty(spot) slipped below 11900, it would stay weak as long as holds below 11975, near by support would be 11790.

OI in BankNifty increased by +5.8% as fresh shorts got added. BankNifty(spot) would weaken further if breaks and holds below 31000, on the upside 31400 would be its near by resistance.

OI Dec 11.png
 
Nifty 11910 (+53) BankNifty 31257(+97)

Nifty futures open Interest increased by +1.1% indicating marginal addition of long positions. Nifty(spot) current trend would stay neutral as long as it stays in the range of 11850-12000.

OI in BankNifty declined by -7% as shorts got un-winded. BankNifty(spot) continue to stay below its 21DMA of 31420, it has to close above this level for any significant upside.

OI Dec 12.png
 
Nifty 11972 (+62) BankNifty 31665(+408)

Nifty futures open Interest increased by +3.5% as fresh longs got added. Nifty(spot) closed near to its resistance of 12000, this level would act as pivot in the next few sessions, Nifty has to break and hold above 12000 for further upside, 11890 would be near by support level.

OI in BankNifty went up by +5.1% indicating addition of fresh longs. BankNifty(spot) settled above its 21DMA of 31473 any subsequent stay above this level would enable BankNifty to move towards 31900-32000 range.

OI Dec 13.png
 

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