As discussed in last analysisBulls need to move above 19600 for a move back to 19881/20164/20400.Bears need a close below 19200 for a move back to 18900/18769/18500. Bears got whipsawed and bulls once above 19600 failed to do 1 target on upside so a day of whipsaw. As we have expiry tommrow Bulls need to move above 19810 for a move back to 19950/20143/20400.Bears need a close below 19510 for a move back to 19250/19051/18900.
Bank Nifty April Future Open Interest Volume is at 12.9 lakh with addition of 0.34 Lakh, with increase in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @17939 closed above it
20000 CE is having highest OI @7 Lakh resistance at 20000 followed 20300.19000-20000 CE added 11 Lakh in OI so bears added position in the zone of 20000-20300.
19000 PE is having highest OI @10 Lakh, strong support at 19000 followed by 18500.18000-19000 PE added 22 Lakh OI so bulls making support in the range of 19000-19300.