Another close below 31000 waiting for the target of 30666/30540/30300. Bulls have chance above 31050 for a move back to 31225/31400.Today was an Important Gann Date break of high and low of today can easily give 200-300 points. Bears closed below 30835 low of 29 and now heading towards 30666/30540/30300. Bulls have chance above 31050 for a move back to 31225/31400/31666
Bank Nifty Jan Future Open Interest Volume is at 10.5 lakh with liquidation of 1.5 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @30990 closed below it.
31000 CE is having highest OI @3.4 Lakh resistance at 31000 followed 31300.30000-32000 CE added 8.8 Lakh in OI so bears added position in the zone of 31000-30800.
30000 PE is having highest OI @3.9 Lakh, strong support at 30000 followed by 29800.30000-32000 PE added 14 Lakh OI so bulls making support in the range of 30000-30300.