As discussed in last analysis Bears were also able to break the gann angle on closing basis suggesting more fall can be seen below 21450. Bears will get active below 21609 for a move back to 21316/21025. Bulls will get active above 21904 for a move back to 22201/22500. We have Mercury at Superior Conjunction on 17 Aug as discussed in below video so we have a key pressure date. Bears will get active below 21609 for a move back to 21463/21316/21171/21025. Bulls will get active above 21904 for a move back to 22201/22500.
Bank Nifty Aug Future Open Interest Volume is at 13.6 lakh with liquidation of 1.2 Lakh, with increase in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @22013 closed below it.
22000 CE is having highest OI @16 Lakh resistance at 22000 followed 22300.21000-23000 CE added 21 Lakh in OI so bears added position in the zone of 22000-22300.
21000 PE is having highest OI @10 Lakh, strong support at 21500 followed by 21200.20000-22000 PE added 4 Lakh OI so bulls making support in the range of 21500-21300.