As discussed in Last AnalysisTill we are holding 32100 bank Nifty can rally towards 32351/32461.Bears have there chance below 32041 for a move back to 31887/31710/31621/31532. High made was 32443 almost near our target of 32461, 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 Dec Future Open Interest Volume is at 12.4 lakh with liquidation of 0.07 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @31829 closed above it.
32500 CE is having highest OI @5.4 Lakh resistance at 32500 followed 32800.30000-32000 CE added 5.5 Lakh in OI so bears added position in the zone of 32500-32800.
32000 PE is having highest OI @8.7 Lakh, strong support at 32000 followed by 31800.30000-32000 PE added 16 Lakh OI so bulls making support in the range of 32000-32200.