Open Interest Analysis

Open interest Analysis - for intraday

Nifty PCR at 1.2, PCR above 1 indicates trend positive, morning trend indicates trading range for Nifty futures would be 11640-11695, should wait for entry.
 
Nifty futures open Interest went up by +9.5% as fresh shorts got added. Nifty(spot) found resistance around 11700 levels, it may consolidate in the range of 11500-11700 before moving above 11700 levels.

OI in BankNifty decreased by -3% as longs got un-winded at higher levels. BankNifty(spot) has to hold above its 100DMA of 29345 for any further upside, 29000-29100 would be near by support range.

OI Oct 23.png
 

DanPSup

Hedge Strategy Trader in Options and Futures
To be a bit it more specific in your thread: Do you have any information from who and how much of the OI comes? This would be the finall call. :))
 
Open interest Analysis - for intraday

Nifty PCR at 0.9, Morning trend indicates Nifty futures would stay volatile in the range of 11590-11660, should wait for the range to break .
 
Nifty 11604(+16) BankNifty 29460(+49)

Nifty futures open Interest decreased by -2.5% as shorts got un-winded. Nifty(spot) would once again try to break above 11700 as long as it holds above 11550 levels.

OI in BankNifty declined by -4.6% indicating wind-up of long positions. BankNifty(spot) closed above its 100DMA for the last two session, this would be the pivot level with resistance at 29750 while near by support would be 29100.

OI Oct 24.png
 
Open interest Analysis - for intraday

Nifty PCR at 0.7, indicating more shorts than longs, Nifty futures would stay volatile would weaken once breaks and holds below 11620.
 
Nifty 11583(-21) BankNifty 29108(-352)

Nifty futures open Interest declined by -1.2% as longs got un-winded. Nifty(spot) had formed a narrow trading range of 11550-11650 in the last few sessions, it has to break this range for the next trend to set.

OI in BankNifty went up by a huge +10.8% as fresh shorts got added. BankNifty(spot) would stay with negative bias as long as it holds below 29400 levels, may weaken further if breaks and holds below its 21DMA of 28960.

OI Oct 25.png
 

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