Open Interest Analysis

[Jayakumar.int]

Nifty futures open Interest declined by -4.3% indicating wind-up of longs. Nifty(spot) settled above its last week's high of 11974, if continued to stay above 11970 then it can move towards 12100.

OI in BankNifty decreased by -3.2% as longs got un-winded. BankNifty(spot) continued to inch upwards, current bullish trend would stay intact as long as it holds above 30800.

 

[Jayakumar.int]

Nifty 11968(-31) BankNifty 31350(-4)

Nifty futures open Interest declined by -3.1% as longs got un-winded. Nifty(spot) stayed above 11950 and consolidated at higher levels in a narrow range, would gain further strength once breaks and moves above 12040 levels.

OI in BankNifty decreased by -2.5% indicating long un-winding. BankNifty(spot) too in line with Nifty stayed in a narrow range in the last two session, may weaken if slips below 31000 levels.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1, Nifty futures would stay with positive bias as long as holds above 11960 can move towards 12020-12030.

 

[Jayakumar.int]

Nifty 12074(+160) BankNifty 31556(+444)

Nifty futures open Interest(combined three months) went up by +4.1% indicating addition of fresh longs. Nifty(spot) settled above its last week's high of 12039 indicating bullishness, it may gain further strength to break above its all-time high of 12103.

OI in BankNifty increased by +2.2% as fresh longs got added. BankNifty(spot) closed above its resistance of 31500, on a stay above this level, it can move towards 31750-31850 range.

 

[Jayakumar.int]

Nifty 12038(-36) BankNifty 31718(+162)

Nifty futures open Interest(combined three months) went up by +18.2% indicating rollover of long positions to December contract. Nifty(spot) faced resistance at higher levels, current bullish trend would stay intact as long as it holds above 11950 levels.

OI in BankNifty increased by +11% as fresh longs got added. BankNifty(spot) would continue to stay bullish as long as holds above 31300.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.4, PCR indicates Nifty futures in over bought zone Nifty futures would weaken if breaks and stays below 12100.

 

[Jayakumar.int]

Nifty futures open Interest(combined three months) increased by +9.6% indicating addition of fresh longs. Nifty(spot) consolidated at higher levels in the last two sessions, current bullish trend remains intact as long as it holds above 11950.

OI in BankNifty went up by +1.8% as fresh longs got added. BankNifty(spot) inched towards 32000 levels, trend remains bullish above 31300 levels.

 

[Jayakumar.int]

Nifty 12151(+50) BankNifty 32123(+247)

Nifty futures open Interest(combined three months) declined by -5.1% indicating wind-up of short positions. Nifty(spot) closed at its new life-time high as current bullish trend stayed intact, it would remain with bullishness as long as Nifty holds above 11950.

OI in BankNifty went up by a huge +17.8% as longs got added. BankNifty(spot) continued to break new highs on daily basis, current trend would remain intact as long as BankNifty holds above 31500.

 

[Jayakumar.int]

Nifty 12056(-95) BankNifty 31946(-177)

Nifty futures open Interest declined by -4.3% as longs got un-winded at higher levels. Nifty(spot) after hitting its new life-time high fell towards 12050, next uptrend for Nifty would be only on a close above 12150 till then it may consolidate in the range of 11950-12150.

OI in BankNifty decreased by -9% indicating long un-winding. BankNifty(spot) too in line with Nifty is expected to consolidate in the range of 31500-32200.

 

[Jayakumar.int]

Nifty 12048(-8) BankNifty 31871(-75)

Nifty futures open Interest remained almost flat in the last session as no fresh positions got added. Nifty(spot) has found resistance above 12100 levels in the last two sessions, Nifty is expected to consolidate as long as it stays in the range of 11950-12150.

OI in BankNifty decreased by -2% as longs got unwinded. BankNifty(spot) has to break and hold above 32050 for any significant upside, 31500 would be near by support level.