As discussed in last analysis Now we are near 21952 holding the same we can see bounce back towards 22345/22700/23000. Bears will get active below 21952 for a move back to 21500/21000. All Bearish target done below Gann number of 21952. Another gap down open will be seen and bears should can see fall towards 19683/19360 another important gann numbers once we start trading below 20000. Bulls will get active above 20300 fora move towards 20600/21000.
Bank Nifty March Future Open Interest Volume is at 12.4 lakh with addition of 1 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @30428 closed below it.
21000 CE is having highest OI @18 Lakh resistance at 21000 followed 21500.20000-23000 CE added 25 Lakh in OI so bears added position in the zone of 21000-21500.
20000 PE is having highest OI @8 Lakh, strong support at 20000 followed by 19500.19000-21000 PE added 11 Lakh OI so bulls making support in the range of 19000-19500.