- As discussed in Last Analysis Bank Nifty finally closed below 22700 suggesting bulls are near the gann angle support holding the same we can again see an upmove towards 23000/23110.Bearish below 22500 for a move towards 22350/22100. Bank Nifty again bounced from gann support low made today was 22730 bulls were on front foot as we are above 22700 and we made high of 22891 so bulls were able to capture the move and now waiting for 22940/23110. Bearish below 22500 only. Lesson a TRADER can learn from ANT
- Bank Nifty May Future Open Interest Volume is at 35.6 lakh with liquidation of 0.19 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @22035, closed above it.
- 23000 CE is having highest OI @7.3 Lakh resistance at 23000 followed 22500. 22000-24000 CE saw addition of 4.4 lakh in OI suggesting bears added in range of 23000-23500.
- 22000 PE is having highest OI @9.2 Lakh, strong support at 22000 followed by 21800, Bulls added 1.8 Lakh position in OI in range of 22000-23500 making strong base in range of 22000-21800.
Buy above 22850 Tgt 22900,22990 and 23110 (Bank Nifty Spot Levels)
Sell below 22790 Tgt 22730,22650 and 22550 (Bank Nifty Spot Levels)
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