Short buildup
Open interest up more than 3% into a falling price. Fresh shorts being written.
A falling price with growing futures open interest means the decline is being sold into rather than simply abandoned. Someone is opening new short positions at each lower level and paying margin to hold them. It is the bearish mirror of the long buildup, and it reads as a warning on longs you hold as much as a candidate list for shorts.
More derivatives:Long buildupShort covering rallyLong unwindingOpen interest at a 3-month highFutures at a premium
Price and delivery data from the eod2 dataset: National Stock Exchange of India end-of-day files, split- and bonus-adjusted, updated after each close. Not affiliated with or endorsed by NSE. PatternsRadar is a research tool. Nothing here is investment advice or a recommendation to buy or sell anything.