As discussed in last analysisBulls need to move above 21350 for a move back to 21600/21952.Bears need a close below 20870 for a move back to 20600/20444/20225. All Bullish target done and we have important astro date on Monday.We will open with gap down on Monday Bulls need to hold 20293-20310 zone for rally back to 20700/21000. Bears will get active below 20200 for a move back to 19800/19653/19400.
Bank Nifty May Future Open Interest Volume is at 9.8 lakh with addition of 2.5 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @20762 closed above it
21500 CE is having highest OI @4.3 Lakh resistance at 21500 followed 21800.21000-22000 CE added 5 Lakh in OI so bears added position in the zone of 21300-21500.
20800 PE is having highest OI @4 Lakh, strong support at 20800 followed by 20500.19000-20000 PE added 22 Lakh OI so bulls making support in the range of 20800-21000.