As discussed in last analysis 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.All Bearish and Bullish target done below 20000 and above 20300. 21 is very important astro date so effect should be seen today or on Monday. Bulls now need to move above 20250 for a mvoe back to 20500/20800/21000. Bears will get active below 19683 for a move back to 19300/19000
Bank Nifty March Future Open Interest Volume is at 10.9 lakh with liquidation of 1.5 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 20500-21000.
19500 PE is having highest OI @8 Lakh, strong support at 19500 followed by 19000.19000-21000 PE added 11 Lakh OI so bulls making support in the range of 19000-19500.
