Open Interest Analysis

Nifty 12087 (+115) BankNifty 32014(+349)

Nifty futures open Interest stayed flat in the last session as no fresh positions got added. Nifty(spot) had gained strength once it broke above 12000 level may face resistance around its life-time high of 12160.

OI in BankNifty declined by -7.6% indicating wind-up of short positions. BankNifty(spot) had once again turned bullish above its 21DMA of 31533, can move towards 32200-32250 range.

OI Dec 16.png
 
Nifty futures open Interest declined by -3.9% as longs got un-winded. Nifty(spot)'s current trend would stay positive as long as it holds above 11960, on the upside 12130-12150 would be near by resistance.

OI in BankNifty stayed flat as no fresh positions got added. BankNifty(spot) would continue to stay positive above its 21DMA of 31579, while 32300-32400 would be resistance.

OI Dec 17.png
 
Nifty 12165 (+111) BankNifty 32140(+166)

Nifty futures open Interest stayed flat as no fresh positions got added. Nifty(spot) closed at its new life-time high would strengthen further on a subsequent stay above 12150.

OI in BankNifty declined by -1.2% indicating wind-up of short positions. BankNifty(spot) too in line with Nifty registered its new life-time high, would strengthen once it breaks and holds above 32200.

OI Dec 18.png
 
Nifty futures open Interest declined by -1.9% indicating wind-up of short positions. Nifty(spot) continue to hit new high's in the last two sessions, would remain bullish as long as holds above 12150.

OI in BankNifty stayed as no fresh positions got added. BankNifty(spot) would stay bullish above 32000 levels can move towards 32400-32500 range.

OI Dec 19.png
 
Nifty 12260 (+38) BankNifty 32141(-3)

Nifty futures open Interest stayed flat as no fresh positions got added. Nifty(spot) continued with its up-trend, would move towards its next resistance of 12300-12320.

OI in BankNifty declined by -3% indicating wind up of short positions. BankNifty(spot) would face resistance around 32350-32400, on the downside, 31900 would be near by support level.

OI Dec 20.png
 
Nifty 12127 (-88) BankNifty 31998(-283)

Nifty futures open Interest increased by +5.7% as fresh shorts got added . Nifty(spot) after consolidating at higher levels slipped below 12150, its 21DMA of 12080 would be the support level to watch for, if closes below 12080 then it may weaken further.

OI in BankNifty declined by -11.5% indicating wind-up of long positions. BankNifty(spot) lost strength and closed around 32000 levels, may weaken further once breaks and holds below its 21DMA of 31880.

OI Dec 27.png
 

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