As discussed in Last Analysis We have formed an Inside Bar Candle today on Gann Turn date, Bulls need to move above 31555 for a move back towards 31700/31851. Bears will get active below 31288 for a move back to 31116/31000. We opened with gap down and took support near gann angle and we will open gap up tommrow. Bulls need to move above 31555 for a move back towards 31700/31851. Bears will get active below 31288 for a move back to 31116/31000.
Bank Nifty Jan Future Open Interest Volume is at 16.5 lakh with addition of 2.17 Lakh, with decrease in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @32425 closed below it.
32000 CE is having highest OI @8.9 Lakh resistance at 31500 followed 32000.31000-33000 CE added 7.6 Lakh in OI so bears covered position in the zone of 31500-31800.
31000 PE is having highest OI @8.2 Lakh, strong support at 31000 followed by 30800.30000-31000 PE added 11 Lakh OI so bulls making support in the range of 31000-30800.