As discussed in last analysisBulls need to hold 22201-22222 range for the upmove to continue towards 22389/22500/22666.Bears will get active below 22120 for a move back to 22000/21904/21757. We got a gap down open and did not came near the sell levels formed another DOJI candel,Now Bears need to break 21880 for a move back to 21710/21500. Bulls will get active above 22100 for a move back to 22300/22500. Important Astro date tommrow.
Bank Nifty Aug Future Open Interest Volume is at 13.4 lakh with addition of 1.32 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @22013 closed above it.
22500 CE is having highest OI @10 Lakh resistance at 22500 followed 22800.21000-23000 CE added 21 Lakh in OI so bears added position in the zone of 22000-22300.
21500 PE is having highest OI @12 Lakh, strong support at 21500 followed by 21200.20000-22000 PE added 14 Lakh OI so bulls making support in the range of 21500-21800.