Nifty futures OI at lowest since Nov 2023; what does this indicate?

Quick Summary:

Derivatives market update: The current low open interest in Nifty implies signs of profit booking rather than fresh short position, believes James Kunnel, Derivatives Analyst at Asit C Mehta.

While rollover figures at 73 per cent are not uncommon, the current OI at 115 lakh shares is lowest starting Open Interest in Nifty since November 2023.

The Nifty futures started the November series with record low rollovers amid the recent market sell-off.

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Topics: Nifty open interest chart Nifty futures chart Nifty futures oi live Nifty futures price Bank nifty futures oi Nifty futures Nifty futures live chart Nifty oi data Nifty oi data live Future options news today Bank nifty future Bank nifty oi data Nifty open interest Trading strategies Derivatives trading Market outlook

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Published On: 2024-11-06 @ 10:35:29 (4 hours ago)

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