Open Interest Analysis

[Jayakumar.int]

Nifty 11110(+77) BankNifty 28432(+322)

Nifty futures open Interest declined by -9.6% as shorts got un-winded. Nifty(spot) after testing its 200DMA of 11167 closed around 11100 levels, in the next few sessions, its 200DMA would act as pivot level while 11030 and 11250 would be its support and resistance respectively.

OI in BankNifty went down by -18.3% indicating wind-up of short positions. BankNifty(spot) closed around its 200DMA of 28415 it has to hold above this level to move towards 28700 levels, on the downside 28050 would be the near by support level.

 

[chintan786]

Nifty 11110(+77) BankNifty 28432(+322)

Nifty futures open Interest declined by -9.6% as shorts got un-winded. Nifty(spot) after testing its 200DMA of 11167 closed around 11100 levels, in the next few sessions, its 200DMA would act as pivot level while 11030 and 11250 would be its support and resistance respectively.

OI in BankNifty went down by -18.3% indicating wind-up of short positions. BankNifty(spot) closed around its 200DMA of 28415 it has to hold above this level to move towards 28700 levels, on the downside 28050 would be the near by support level.
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Hi, Didn't get how u analyze things here. For eg, Nifty Fut.
NSE showing NF OI declined by 3.13% whereas u showing 9.63%. Also if previous day had fresh Longs formation then how on 9th Aug, declined in OI means Short unwinding and not Long unwinding.
Thanks in Advance

 

[Jayakumar.int]

Hi, Didn't get how u analyze things here. For eg, Nifty Fut.
NSE showing NF OI declined by 3.13% whereas u showing 9.63%. Also if previous day had fresh Longs formation then how on 9th Aug, declined in OI means Short unwinding and not Long unwinding.
Thanks in Advance

I take OI from Market activity report file, https://www.nseindia.com/products/content/derivatives/equities/homepage_fo.htm because sometimes in websites it shows wrong data.

General rule for OI decrease and price up is short un-winding, sometimes i take last 30-40mins Nifty movement, if it closes flat or marginal gain or loss.

 

[Jayakumar.int]

Nifty 10926(-184) BankNifty 27729(-703)

Nifty futures open Interest declined marginally by -1.1% as longs got unwinded. Nifty(spot) failed to hold above 11100 levels, it further slipped 10900, it would stay weak below 11030 levels may once again move towards 10850-10800 levels.

OI in BankNifty increased by +7.3% indicating addition of fresh shorts. BankNifty(spot) weakened and slipped below 28000, would stay weak below this levels can test its last week's low of 27400 levels.

 

[Jayakumar.int]

Nifty 11030(+104) BankNifty 28019(+290)

Nifty futures open Interest declined by -1% as shorts got un-winded. Nifty(spot) closed around its resistance of 11030, it has to stay above this level for any significant upside, on downside 10960 and 10890 would be the near by support levels.

OI in BankNifty decreased by -5.2% indicating un-winding of short positions. BankNifty(spot) has to hold above 28000 for a move towards 28300, on the downside 27700-27600 would be the support level.

 

[Jayakumar.int]

Nifty 11048(+18) BankNifty 28217(+198)

Nifty futures open Interest increased by +4.4% indicating addition of fresh longs. Nifty(spot) continued to hold above 11030, on a subsequent stay above this level Nifty may move towards 11120-11150.

OI in BankNifty stayed flat in the last session, as no fresh positions got added. BankNifty(spot) would stay with positive bias as long as it holds above 27900 levels, it would find resistance around its 200DMA of 28459.

 

[Jayakumar.int]

Nifty 11054(+6) BankNifty 28186(-31)

Nifty futures open Interest declined by -2.1% indicating wind-up of long positions. Nifty(spot) after testing its 21DMA of 11130, failed to hold above 11130, this level would act as pivot for the next few sessions, near by support would be 10960.

OI in BankNifty decreased by -6.5% as longs got un-winded. BankNifty(spot) failed to move above its 200DMA of 28476, it would stay in the range of 27900-28500 has to break this range for the next trend to set.

 

[Jayakumar.int]

Nifty 11017(-37) BankNifty 27982(-204)

Nifty futures open Interest went up by +3% as fresh longs got added. Nifty(spot) managed to hold above 11000 levels amidst volatility in the last four sessions, it has to break its 21DMA of 11103 for any significant upside, on the downside 10960-10930 would be the support.

OI in BankNifty declined by -3.9% as shorts got un-winded. BankNifty(spot) has formed a trading range of 27700-28300 in the last few sessions,it has to move out of this range for the next trend to set.

 

[Jayakumar.int]

Nifty 10919(-98) BankNifty 27719(-263)

Nifty futures open Interest went up by +2.8% as fresh Shorts got added. Nifty(spot) slipped below 11000 and closed around 10900 levels, it may weaken further on a break and stay below 10900 can re-test its recent low of 10780 levels.

OI in BankNifty increased by +9.5% indicating addition of fresh shorts. BankNifty(spot) closed around its support of 27700 levels, can weaken further below 27700 to slip towards 27500-27400 levels.

 

[Jayakumar.int]

Nifty 10741(-177) BankNifty 27034(-685)

Nifty futures open Interest went up marginally by +1% as fresh shorts got added. Nifty(spot) broke below 10800 levels indicating weakness, it would stay weak below 10800 and move towards 10670-10630 levels.

OI in BankNifty increased by a huge +10.6% indicating addition of fresh shorts. BankNifty(spot) would weaken further on a break and stay below 27000, can move towards 26750-26650 levels.