As discussed in last analysisBulls need to move above 19950 for a move back to 20164/20321/20555/20841.Bears need a close below 19500 for a move back to 19320/19100/18900. We had important astro event yesterday as discussed in below video and also we are near gann angle support suggesting good move should come in next 2 days. Bulls need to move above 20225 for a move back to 20420/20610/20800/20841.Bears need a close below 19999 for a move back to 19877/19680/19500.
Bank Nifty May Future Open Interest Volume is at 3.4 lakh with addition of 1.3 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @17939 closed above it
20500 CE is having highest OI @8 Lakh resistance at 20500 followed 20800.19000-21000 CE added 11 Lakh in OI so bears added position in the zone of 20000-20300.
19000 PE is having highest OI @12 Lakh, strong support at 19500 followed by 19000.18000-20000 PE added 2 Lakh OI so bulls making support in the range of 19500-19300.