As discussed in last analysisNow Bulls need to move above 20736 for a move back to 21025/21300. Bears will get active below 20230 for a move back to 20000/19881/19630. All Bullish target done,and we saw the fall in last 30 mins. As per below video today High and Low will be very important for next 1000-2000 points move in bank nifty.Bank Nifty bulls need to move above 21025 for a move back to 21316/21609. Bears will get active below 20800 for a move back to 20666/20400/20100.
Bank Nifty May Future Open Interest Volume is at 14.6 lakh with liquidation of 1.1 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @18001 closed above it
21500 CE is having highest OI @10 Lakh resistance at 21500 followed 22000.19000-22000 CE added 12.9 Lakh in OI so bears added position in the zone of 21000-21500.
19500 PE is having highest OI @10 Lakh, strong support at 19500 followed by 20000.19000-21000 PE added 11 Lakh OI so bulls making support in the range of 20300-20500.