NIFTY futures open interest

- yesterday NF closed 0.5% in negative
- OI was down 12%
- theory says trend reversal reversal possible

- but VIX increased yesterday

- global markets in deep red
- SGX nifty down 80 points

- so what will happen? new lows? more pain?

NOTE: trend is down on weekly, daily, hourly and 15 min charts