Open Interest Analysis

[Jayakumar.int]

Nifty 10460(+159) BankNifty 25322(+794)

Nifty futures open Interest increased by +1% indicating addition of marginal long positions. Nifty(spot) bounced from 10300 levels, it may find resistance around 10530-10550 levels, for any further negative Nifty has to close below 10290.

OI in BankNifty increased by a huge +29% as fresh longs got added. BankNifty(spot) went up sharply from its lows, it may move towards 25500-25600 levels.

 

[Jayakumar.int]

Nifty 10235(-225) BankNifty 24784(-538)

Nifty futures open Interest stayed flat in the last session indicating no fresh addition of positions. Nifty(spot) has to break and stay above 10300 for any significant upside from current levels, on the downside any break and stay below 10150 may weaken Nifty further.

OI in BankNifty declined by -20% as Longs that were created above 24950 levels got wind up. BankNifty(spot) would stay with positive bias above 24450 levels, it may find resistance around 24950-25000 levels.

 

[Jayakumar.int]

Nifty 10473(+238) BankNifty 25396(+612)

Nifty futures open Interest declined by -2.3% as Short positions got wind up. Technically, Nifty(spot) would stay with positive bias above 10290 with resistance at 10530-10570 levels.

OI in BankNifty increased by +4% indicating addition of fresh Long positions. BankNifty(spot) would stay positive above 24950 may test its 21day moving average of 25530, it has to break and stay above this level for any further upside.

 

[Jayakumar.int]

Nifty 10513(+40) BankNifty 25388(-8)

Nifty futures open Interest increased by +2.8% indicating addition of fresh Longs. Nifty(spot) would stay with positive bias above 10350 levels, may head towards 10570-10600 levels.

OI in BankNifty increased marginally by +1.2% as further Long positions got added. BankNifty(spot) would find resistance around its 21day moving average of 25462, if manages to break and hold above its 21DMA then it can move up further.

 

[Jayakumar.int]

Nifty 10585(+72) BankNifty 25590(+202)

Nifty futures open Interest went up by +4.2% indicating addition of Long positions. Nifty(spot) would stay with positive bias above 10450, it may consolidate and move towards 10640-10670 levels.

OI in BankNifty declined by -1.7% as Shorts got unwinded. BankNifty(spot) closed above its 21day moving average of 25403, would gain further strength to move towards 25750-25850 levels.

 

[Jayakumar.int]

Nifty 10453(-132) BankNifty 25189(-401)

Nifty futures open Interest declined by -1.5% as Longs got wind up. Nifty(spot) may weaken further if breaks and holds below 10400 levels, then it can move towards 10300-10270 levels.

OI in BankNifty declined by -12.7% indicating unwinding of Long positions. BankNifty(spot) would stay weak below its 21day moving average of 25309, may move towards 24950-24850 levels.

 

[Jayakumar.int]

Nifty 10304(-150) BankNifty 25086(-103)

Nifty futures open Interest declined by -3.9% as Long positions got wind up. Nifty(spot) may find support around its recent lows of 10200-10150 levels, there's also possibility of filling the gap on the upside in Candlestick chart that had formed on Friday's session.

OI in BankNifty increased by +15.6% indicating addtion of huge long positions. BankNifty(spot) managed to hold above its support of 24950 levels, if continue to hold above this level then it can move towards 25400-25500.

 

[Jayakumar.int]

Nifty 10245(-58) BankNifty 25079(-7)

Nifty futures open Interest(combined three months) stayed flat in the last session. Nifty(spot) closed above its support of 10200-10150 levels, any break and close below this level may weaken Nifty further. On the other hand, if Nifty(spot) manages to hold above 10150 in the next few sessions, then it can move towards 10450-10500 levels.

OI in BankNifty increased marginally by +1.3% indicating addition of fresh Short postions. BankNifty(spot) has to close below 24900 for any significant downside.

 

[ashutosh.krsrivastava]

Nifty 10245(-58) BankNifty 25079(-7)

Nifty futures open Interest(combined three months) stayed flat in the last session. Nifty(spot) closed above its support of 10200-10150 levels, any break and close below this level may weaken Nifty further. On the other hand, if Nifty(spot) manages to hold above 10150 in the next few sessions, then it can move towards 10450-10500 levels.

OI in BankNifty increased marginally by +1.3% indicating addition of fresh Short postions. BankNifty(spot) has to close below 24900 for any significant downside.
View attachment 29790

Boss, why is OI% change of 22nd Oct positive? OI of 19th was 1.95 Crore and that of 22nd is 1.71 Crore so change %age comes to something like -12%. Am I missing something?
regards
Srivastava

 

[Jayakumar.int]

Boss, why is OI% change of 22nd Oct positive? OI of 19th was 1.95 Crore and that of 22nd is 1.71 Crore so change %age comes to something like -12%. Am I missing something?
regards
Srivastava

Last week of the month, I take OI of all three months contract, its combined three months of Friday vs Monday.......while in the pic its only of Oct cont. of Friday.....