As discussed in last analysis We are near a perfect set up for explosive move as we have astro date today with Inside Bar formation.Bulls need to move above 23940 for a move back to 24124/24300/24500. Bears will get active below 23700 for a move back to 23596/23317/23150. Bulls got whipsawed and bears did 23596 on downside and now waitng for 23317/23150/22900/22700. Bulls will get active above 23751 for a move back to 23904/24278/24500.
Bank Nifty Sep Future Open Interest Volume is at 14.8 lakh with addition of 0.88 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @23392 closed above it.
24000 CE is having highest OI @6 Lakh resistance at 24000 followed 24300.24000-26000 CE added 14 Lakh in OI so bears added position in the zone of 24500-26000
23000 PE is having highest OI @6 Lakh, strong support at 23000 followed by 22500.23000-25000 PE added 13 Lakh OI so bulls making support in the range of 23300-23000.
