Thanks for all your Mails, I was not in best of my health in past few days so need to take a break, Thanks again for all your warm wishes. Bank Nifty is approaching an Important Astro Cycle and also we formed NR7 day today suggesting big move round the corner. Bulls have failed to close above 22760. Bears need to break 22250 for move back to 22126/21986/21800. Bulls will get active above 22525 for a move back to 22698/22800/23000.
Bank Nifty Sep Future Open Interest Volume is at 17.1 lakh with addition of 0.26 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @23392 closed below it.
23000 CE is having highest OI @8 Lakh resistance at 23000 followed 23500.22000-23000 CE added 12 Lakh in OI so bears added position in the zone of 22500-22800
22000 PE is having highest OI @8 Lakh, strong support at 22200 followed by 22000.21000-24000 PE added 15 Lakh OI so bulls making support in the range of 22200-22000.