Open Interest Analysis

Nifty 10738(+188) BankNifty 26644(+480)

Nifty futures open Interest increased by +1.4% indicating addition of fresh long positions. Nifty(spot) bounced back sharply to close above its 50day moving average of 10541, would stay with positive bias above this level can move towards 10770-10820 levels.

OI in BankNifty wend by +10.6% as fresh longs got added. BankNifty(spot) settled above its resistance of 26500, may strengthen further to move towards 26850-26950 levels.

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Nifty 10792(+54) BankNifty 26816(+173)

Nifty futures open Interest stayed flat as no fresh positions got added. Nifty(spot) continued to stay above its 21day moving average of 10695, if holds above this level for the next few sessions then Nifty may test its recent high of 10900-10940 levels.

OI in BankNifty declined by -8.6% indicating wind up of long positions at higher levels. BankNifty(spot) would face resistance around 26950-27050 levels, current trend would stay positive as long as it holds above 26500.

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Nifty 10805(+14) BankNifty 26826(+10)

Nifty futures open Interest declined by -2.5% indicating wind up of long positions. Nifty(spot) had been in a narrow range of 10850-10750 in the last two sessions it has to break this range for the next trend to set.

OI in BankNifty stayed flat as there were no addition of fresh positions, BankNifty(spot) got resistance around 26950 levels, it may stay with negative bias as long as it holds below this level.

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Nifty 10888(+83) BankNifty 27016(+190)

Nifty futures open Interest stayed flat for the day as no fresh position got added. Nifty(spot) continued with its uptrend may move towards its next resistance of 10940-10960 levels.

OI in BankNifty went up by +3.8% indicating addition of fresh long position. BankNifty(spot) closed above its resistance of 26950, on a stay above this level it may move towards 27300-27400 levels.
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Nifty 10909(+20) BankNifty 27175(+159)

Nifty futures open Interest went up marginally by +0.9% as fresh longs got added. Nifty(spot) would stay with positive bias above 10800 levels can move towards 10950-10980 levels.

OI in BankNifty went up by +3.8% indicating addition of fresh long position. BankNifty(spot) would stay bullish above 26950 levels, would move towards 27350-27450 levels.

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Nifty 10967(+59) BankNifty 27298(+124)

Nifty futures open Interest stayed flat for the day as no fresh position got added. Nifty(spot) closed above its 100 day moving average of 10938, hold above this level may take Nifty towards 11030-11070 levels.

OI in BankNifty went up by +3.6% indicating addition of fresh long positions. BankNifty(spot) would stay with positive bias above 26950 levels, near by resistance would be around 27350-27450 levels.

oi dec 19.png
 
Nifty 10952(-16) BankNifty 27275(-23)

Nifty futures open Interest declined by -1% as shorts got unwinded. Nifty(spot) after testing 10900 levels bounced to close almost flat indicating bullishness, a stay above 10900 would enable it to move towards 11030-11070 levels.

OI in BankNifty decreased by -2% indicating unwinding of short positions. BankNifty(spot) continue to stay with positive bias can test its resistance of 27400-27500.

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Nifty 10754(-198) BankNifty 26870(-405)

Nifty futures open Interest declined by -3.4% as longs got unwinded. Nifty(spot) failed to hold above its 100day moving average of 10930, it would stay weak below this level, near by support would be 10690-10650 levels.

OI in BankNifty decreased by -4.1% indicating unwinding of long positions. BankNifty(spot) had weakened below its support of 26950, may move towards it next support of 26500 levels.

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Nifty 10664(-91) BankNifty 26715(-155)

Nifty futures open Interest increased by +1.9% indicating addition of fresh short position. Nifty(spot) would continue to stay weak below its 21day moving average of 10767, may move towards 10600-10570 levels.

OI in BankNifty went up by +1.8% as fresh longs got added. BankNifty(spot) closed above near to its 21day moving average of 26706, may weaken further if breaks and stays below this level can move towards 26550-26500 levels.

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Nifty 10730(+66) BankNifty 26987(+272)

Nifty futures open Interest went up by +11.9% indicating rollover of long positions to January contract. Nifty(spot) bounced from 10550 levels may test its 21day moving average of 10772, for any further upside it has to close above 10772.

OI in BankNifty stayed flat as no fresh positions got added. BankNifty(spot) bounced after testing its support of 26500 levels may test its resistance of 27150-27200 levels.

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