As discussed in Last AnalysisWe did low of 30182 above 30110 and did all 3 target on upside.Now Bulls need to hold 30600-30625 range for rally to move above 30976/31329. Bears will get active below 30480 for a move back to 30280/30000.Low made was 30630 and our Gann Level was 30625 and did 30976 on upside. Now Bulls need to hold 30850 for trend to remain bullish and rally to continue towards 31169/31330. Bears will get active below 30840 for a move back to 30733/30500. Tomorrow is an important Astro Date.
Bank Nifty Jan Future Open Interest Volume is at 10.5 lakh with addition of 0.37 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @30990 closed above it.
31300 CE is having highest OI @6.5 Lakh resistance at 31300 followed 31500.29000-31000 CE added 16 Lakh in OI so bears added position in the zone of 31200-31400.
30800 PE is having highest OI @4.8 Lakh, strong support at 30800 followed by 30600.29000-31000 PE added 13 Lakh OI so bulls making support in the range of 30600-30800.