As discussed in Last AnalysisAs we have Sun Trine Uranus as discussed in below video suggesting we should see good move in market. Plan remains the same Till we are holding 32200 we can rally till 32500/32768. Bears have there chance below 32150 for a move back to 31968/31887/31710/31621/31532. We have traded in small range on Tuesday formed NR7 pattern suggesting big move should be seen soon. Plan remains the same Till we are holding 32200 we can rally till 32500/32768. Bears have there chance below 32150 for a move back to 31968/31887/31710/31621/31532.
Bank Nifty Jan Future Open Interest Volume is at 8.9 lakh with addition of 2.9 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @31829 closed above it.
32500 CE is having highest OI @8.9 Lakh resistance at 32500 followed 32800.31000-33000 CE added 5 Lakh in OI so bears added position in the zone of 32500-32800.
32000 PE is having highest OI @8.9 Lakh, strong support at 32000 followed by 31800.31000-32500 PE liquidated 1.3 Lakh OI so bulls making support in the range of 32000-32200.