F&O Fundamentals Market View

What is meant by change in OI and how to interpret the same?

Answer

3 years ago

Open interest or OI is the total volume of open positions in the market. For example, if A is long on one lot of Nifty and B is short on 1 lot then the total open interest is calculated as one lot. Change in OI tells you if accumulation is happening or unwinding of positions is happening. It helps you to figure out what exactly is happening in the market and whether the accumulation or short covering is happening. This gives cues to the future movement of stock prices.

Symbol	18 Feb OI	17 Feb OI	Change in OI	% Change in OI	Volume (Contracts)	Underlying value
YESBANK	56603	42191	14412	34.16	52179	34.8
LICHSGFIN	21781	19465	2316	11.9	41607	363.25
APOLLOTYRE	9108	8239	869	10.55	4530	151.2
IDEA	10772	9762	1010	10.35	7940	3.05
CONCOR	4243	3932	311	7.91	1501	533
MINDTREE	2124	1971	153	7.76	4057	999
FEDERALBNK	12039	11208	831	7.41	5822	82.35
AMBUJACEM	16036	14948	1088	7.28	4178	201
RBLBANK	16608	15485	1123	7.25	18859	302.25
HINDPETRO	10920	10286	634	6.16	7156	224.45
MARUTI	50014	47287	2727	5.77	39989	6795
TATAMOTORS	35772	33981	1791	5.27	42847	162.55
MGL	5376	5108	268	5.25	6049	1139.1
INDUSINDBK	67372	64193	3179	4.95	95826	1138.15
COLPAL	6321	6045	276	4.57	1932	1326.7
INFRATEL	9142	8776	366	4.17	19412	208.35
TCS	69653	67155	2498	3.72	40561	2215
BANKNIFTY	839582	809634	29948	3.7	1,25,58,166	30562.5
IBULHSGFIN	34611	33394	1217	3.64	47097	300.9
MFSL	6482	6280	202	3.22	5356	501.2
BANKBARODA	23456	22735	721	3.17	21864	81
TATAGLOBAL	12364	11990	374	3.12	20196	382.45
TVSMOTOR	5683	5514	169	3.06	5557	440
PAGEIND	6575	6386	189	2.96	1611	22850
DLF	18522	18017	505	2.8	10341	218.95
HDFCBANK	88005	85711	2294	2.68	32924	1217.05
VOLTAS	5628	5493	135	2.46	4673	696.75
IDFCFIRSTB	25885	25282	603	2.39	6654	38.65
IGL	7437	7266	171	2.35	10233	470.5
BPCL	24563	24017	546	2.27	22466	472.3
PIDILITIND	5674	5552	122	2.2	2481	1580
HEROMOTOCO	29441	28820	621	2.15	22573	2249.95
ADANIPOWER	8921	8734	187	2.14	3435	56.55
NIFTY	1673298	1641074	32224	1.96	6555019	11992.5
OIL	4736	4652	84	1.81	2052	133.2
M&MFIN	10270	10089	181	1.79	3822	372.85
JINDALSTEL	10062	9896	166	1.68	10084	185.8
INDIGO	15905	15653	252	1.61	9102	1473.65
TATASTEEL	33190	32668	522	1.6	42386	432.65
SRTRANSFIN	13062	12859	203	1.58	7169	1265.2
MCDOWELL-N	13045	12849	196	1.53	12014	727
SRF	6556	6470	86	1.33	4740	4165
LUPIN	15755	15555	200	1.29	6854	703.1
TECHM	14513	14334	179	1.25	5441	838.55
IOC	18687	18457	230	1.25	7812	112.7
GRASIM	40387	39900	487	1.22	7508	723.55
GMRINFRA	5156	5094	62	1.22	1152	22.6
ASHOKLEY	16679	16484	195	1.18	11516	80.5
CENTURYTEX	9106	9008	98	1.09	4075	583.4
HDFC	154832	153172	1660	1.08	36664	2324.05
NESTLEIND	11125	11007	118	1.07	2509	16417.5
NTPC	32332	31990	342	1.07	17844	110.3
SBIN	84037	83175	862	1.04	109710	318.05
ICICIPRULI	8411	8327	84	1.01	3141	472.9
EQUITAS	5221	5169	52	1.01	1887	106.7
KOTAKBANK	33232	32905	327	0.99	22206	1692.95
BRITANNIA	17480	17320	160	0.92	6489	3075
CANBK	13438	13325	113	0.85	11688	172.7
BATAINDIA	7032	6987	45	0.64	5344	1793.55
RELIANCE	126602	125821	781	0.62	61108	1466.9
CUMMINSIND	3118	3104	14	0.45	1370	531.05
JUBLFOOD	9021	8986	35	0.39	10869	1834
HINDALCO	18621	18555	66	0.36	11950	184.8
UJJIVAN	5521	5504	17	0.31	3415	385
CESC	2933	2926	7	0.24	1335	686
PFC	9009	8989	20	0.22	5518	128
WIPRO	8526	8510	16	0.19	1534	244
ADANIPORTS	14364	14349	15	0.1	4421	368
SUNPHARMA	66795	66739	56	0.08	15163	406.1
ESCORTS	9065	9059	6	0.07	13846	894
NIFTYIT	170	170	0	0	67	16748.75
NIITTECH	3240	3242	-2	-0.06	1823	1850
NMDC	10037	10052	-15	-0.15	4336	99.65
ITC	92413	92661	-248	-0.27	29842	204.05
AUROPHARMA	21342	21401	-59	-0.28	17222	502.55
UBL	4270	4283	-13	-0.3	859	1264.55
MRF	2519	2528	-9	-0.36	981	69608.55
BALKRISIND	3964	3979	-15	-0.38	9934	1238
ADANIENT	8885	8919	-34	-0.38	5097	248.9
DRREDDY	14217	14273	-56	-0.39	10186	3253
MUTHOOTFIN	8841	8877	-36	-0.41	65808	863.9
EXIDEIND	6974	7004	-30	-0.43	2620	177.5
BERGEPAINT	4555	4576	-21	-0.46	1998	580
M&M	31253	31400	-147	-0.47	11831	523.2
BHEL	16285	16369	-84	-0.51	8336	34.8
INFY	33967	34149	-182	-0.53	16929	798.5
SUNTV	9421	9472	-51	-0.54	6576	472.25
CHOLAFIN	2902	2918	-16	-0.55	1004	328
TATACHEM	6775	6813	-38	-0.56	2838	750
VEDL	31065	31240	-175	-0.56	14304	140.7
TATAPOWER	9628	9687	-59	-0.61	2017	51.5
BOSCHLTD	3555	3584	-29	-0.81	739	14600
BEL	12307	12410	-103	-0.83	5914	83.85
SAIL	9487	9574	-87	-0.91	7588	42.05
ZEEL	24121	24352	-231	-0.95	14197	245.7
NATIONALUM	5800	5856	-56	-0.96	1621	39.1
BAJAJFINSV	10826	10951	-125	-1.14	5071	9550
GODREJCP	11456	11625	-169	-1.45	2210	623.05
HCLTECH	18363	18640	-277	-1.49	5652	609.8
PETRONET	8438	8581	-143	-1.67	1911	259.8
HAVELLS	8344	8494	-150	-1.77	3867	602
DABUR	12625	12853	-228	-1.77	3467	506
ASIANPAINT	15619	15916	-297	-1.87	4913	1869.25
SHREECEM	3377	3444	-67	-1.95	952	23912.85
ONGC	32313	32969	-656	-1.99	17077	99.5
PNB	22724	23215	-491	-2.12	12099	52.45
AXISBANK	52935	54104	-1169	-2.16	27127	735.5
RECLTD	6368	6511	-143	-2.2	3695	137.2
COALINDIA	33302	34072	-770	-2.26	25225	172.75
PVR	4078	4173	-95	-2.28	1477	2088
ULTRACEMCO	16046	16443	-397	-2.41	6837	4470.7
EICHERMOT	16647	17063	-416	-2.44	9139	18751.25
L&TFH	7361	7548	-187	-2.48	6009	122.3
DIVISLAB	6178	6337	-159	-2.51	4127	2170
ICICIBANK	90095	92456	-2361	-2.55	43472	540.9
BAJAJ-AUTO	9213	9462	-249	-2.63	4403	3086
BHARATFORG	7190	7393	-203	-2.75	2840	481.9
LT	76402	78614	-2212	-2.81	31324	1288
BHARTIARTL	43062	44342	-1280	-2.89	58757	549
TORNTPHARM	986	1016	-30	-2.95	761	2133.5
BAJFINANCE	36692	37809	-1117	-2.95	27912	4770
AMARAJABAT	2513	2594	-81	-3.12	1788	780
ACC	15077	15564	-487	-3.13	8057	1421.1
MARICO	14097	14565	-468	-3.21	3601	300
RAMCOCEM	1828	1890	-62	-3.28	693	789.8
HINDUNILVR	42508	43956	-1448	-3.29	15327	2241.5
CIPLA	16336	16905	-569	-3.37	4915	437
TORNTPOWER	2532	2621	-89	-3.4	2327	310
POWERGRID	17936	18594	-658	-3.54	6752	185.2
SIEMENS	6436	6674	-238	-3.57	2865	1397.8
JUSTDIAL	4879	5069	-190	-3.75	6913	486.85
PEL	18139	18872	-733	-3.88	10805	1530
UPL	18715	19473	-758	-3.89	8613	584.85
TITAN	16402	17088	-686	-4.01	12446	1311
JSWSTEEL	27566	28738	-1172	-4.08	10889	285
MOTHERSUMI	6370	6672	-302	-4.53	8144	123.3
GLENMARK	8655	9067	-412	-4.54	6689	311.6
MANAPPURAM	8793	9238	-445	-4.82	10406	170.45
BIOCON	8922	9447	-525	-5.56	7985	301.6
CADILAHC	4778	5175	-397	-7.67	2115	267.8
APOLLOHOSP	6496	7036	-540	-7.67	15742	1773.3
NCC	9415	10908	-1493	-13.69	4833	41.95
GAIL	11956	14720	-2764	-18.78	5377	119.75

As the above table shows, it is clear how the OI has moved. But you must always correlate the OI shift with the change in the market prices as it gives you the precise picture of the market.

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