As discussed in Last Analysis Now Bears need to break 31770 for the down move to continue till 31500/31300. Bulls have there chance only above 32000 for a move back to 32250/32500.We have VENUS Aphelion Happening today suggesting trend change in market can be seen below 31770. We saw the effect of VENUS Aphelion as High made was 32024 on Monday and today we did 31500 and close below 31770. Now Bulls need to move above 31770 for a move back to 31947/32036/32216. Bears will get active below 31500 for a move back to 31324/31148. I was not well so Site was not updated yesterday, Thanks for wishes and Concern.
Bank Nifty Dec Future Open Interest Volume is at 16.1 lakh with liquidation of 4.5 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @31829 closed below it.
32000 CE is having highest OI @8.8 Lakh resistance at 32000 followed 32300.30000-32000 CE added 11 Lakh in OI so bears added position in the zone of 32000-32300.
31500 PE is having highest OI @5.5 Lakh, strong support at 31500 followed by 31300.30000-32000 PE liquidated 5.5 Lakh OI so bulls making support in the range of 31200-31400.