As discussed in last analysisAs we are near gann angle support Bulls need to move above 22150 for a move back to 22340 and 22570. Bears will get active below 21920 for a move back to 21750/21400/21100/20940. We formed a perfect DOJI singalling volatile move coming as we approach montly expiry and monthly closing. Bulls need to move above 22150 for a move back to 22340 and 22570. Bears will get active below 21920 for a move back to 21750/21400/21100/20940.
Bank Nifty Aug Future Open Interest Volume is at 8.4 lakh with addition of 2.44 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @21720 closed above it.
22500 CE is having highest OI @16 Lakh resistance at 22500 followed 22800.21000-23000 CE added 24 Lakh in OI so bears added position in the zone of 22500-22800.
21500 PE is having highest OI @22 Lakh, strong support at 21500 followed by 21200.21000-23000 PE added 12 Lakh OI so bulls making support in the range of 21200-21300.
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