Bank Nifty Rallies above 29930

By | May 4, 2019

  • Bank Nifty May Future Open Interest Volume is at 17 lakh with addition of 4.5 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @29964 closed above it.
  • 30500 CE is having highest OI @2.6 Lakh resistance at 30300 followed 30500.  29000-31000 CE added 0.41 Lakh in OI so bears added in the zone of 30000-30300.
  • 29500 PE is having highest OI @2.1 Lakh, strong support at 29600 followed by 29500.29000-31000 PE added 0.37 Lakh OI so bulls making strong support in the range of 29600-29500.

Buy above 29981 Tgt 30068,30154 and  30241 (Bank Nifty Spot Levels)

Sell below 29890 Tgt 29808,29722 and 29636 (Bank Nifty Spot Levels)

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