As discussed in last analysisTomorrow important astro date suggesting big move round the corner, Bulls need to move above 20400 for a move back to 20555/20841.Bears need a close below 20040 for a move back to 19900/19790/19683. Bulls 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.
Bank Nifty April Future Open Interest Volume is at 12.3 lakh with liquidation of 0.5 Lakh, with decrease in Cost of Carry suggesting short 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.