💥💥Open Interest (OI)💥💥
Key takeaways👇👇
👉Open Interest (OI) is a number that tells you how many contracts are currently outstanding (open) in the market
👉OI increases when new contracts are added. OI decreases when contracts are squared off
#banknifty
#oipulse

👉OI does not change when there is transfer of contracts from 1 party to another
👉Unlike volumes,OI is continuous data
👉On a stand along basis OI and Volume information does not convey information, hence it makes sense to always pair it with the price to understand the impact