As discussed in last analysisBulls now need to move above 19100 for a move back to 19442/19700/20100. Bears will get active below 18650 for a move back to 18250/17900/17600/17200. We got the up move as per Neural Analysis once above 19100 we did 1 target on upside. Now bulls need to move above 19442 for move towards 19700/20100. Bears will get active below 19040 for a move back to 18769/18496. We should get big move in next 2 days.
Bank Nifty April Future Open Interest Volume is at 87 lakh with liquidation of 0.17 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @17939 closed above it
20000 CE is having highest OI @18.9 Lakh resistance at 19700 followed 20000.18500-20000 CE added 11 Lakh in OI so bears added position in the zone of 19700-20000.
18500 PE is having highest OI @14 Lakh, strong support at 18500 followed by 18000.18000-19000 PE added 12 Lakh OI so bulls making support in the range of 18500-19000.