Open Interest Analysis

[Jayakumar.int]

Nifty 11512(-59) BankNifty 29877 (-126)

Nifty futures open Interest declined by -4.3% as longs got un-winded. Nifty(spot) has to move and hold above 11600 for any significant upside, on the downside, its 100DMA of 11410 would be the support level.

OI in BankNifty went up by +8.8% indicating addition of fresh shorts. BankNifty(spot) would face resistance in the range of 30150-30200, while its 100DMA of 29473 would be the near by support level.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.7 indicates Bears are in control, Nifty futures would stay weak below 11540, can slip towards 11450-11440.

 

[Jayakumar.int]

Nifty 11474(-38) BankNifty 29103 (-774)

Nifty futures open Interest increased by +1.4% as fresh longs got added. Nifty(spot) managed to hold above its 100DMA of 11409 and this would be the pivot level in the next few sessions. On the upside 11570 would be the resistance.

OI in BankNifty went up by a huge +43% as shorts got accumulated. BankNifty(spot) would stay weak as long as it holds below its 100DMA of 29468, on the downside, 28750-28650 would be the near by support range.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.6 indicating heavy short positions, Nifty futures would stay with negative bias below 11540, volatility expected, in the range of 11480-11550.

 

[Jayakumar.int]

Nifty PCR at 0.7 it went up 0.8 now 0.7 this indicates fresh intraday shorts are added, Nifty futures would stay weak below 11560 can slip towards 11500-11490.

 

[Jayakumar.int]

Nifty 11360(-114) BankNifty 28726 (-377)

Nifty futures open Interest increased by +5.6% as fresh Shorts got added. Nifty(spot) closed below its 100DMA of 11407, it would stay weak as long as holds below 11407, near by support would be 11290-11250 levels.

OI in BankNifty went up by another huge +10% as shorts got accumulated. BankNifty(spot) closed near to its crucial 200DMA of 28777, would stay with negative bias as long as holds below 29250 levels.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.6 indicating weakness, as PCR at low range volatility expected in the range of 11300-11400, Should wait for market to stabilize.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.7, indicates no fresh intraday Shorts added, can see some recovery in Nifty futures towards 11410 if 11350 is held.

 

[Jayakumar.int]

Nifty 11314(-46) BankNifty 28414 (-312)

Nifty futures open Interest increased by +2.6% indicating addition of fresh shorts. Nifty(spot) continued to take support above 11250 levels in the last two sessions, on a subsequent stay above this level Nifty may bounce towards 11400-11440 levels.

OI in BankNifty went up by +4.2% as fresh shorts got added. BankNifty(spot) if holds above 28200 then it can bounce towards 28800-28900 range.

 

[Jayakumar.int]

Nifty 11175(-139) BankNifty 27732 (-682)

Nifty futures open Interest declined by -3.1% as longs got un-winded. Nifty(spot) closed below its 200DMA of 11262 indicating weakness, next support would be around 11090-11060 range.

OI in BankNifty went up by +3.7% as fresh shorts got added. BankNifty(spot) fell sharply to close below 28000, it would stay with negative bias below 28000 with near by support at 27500-27400.