Bank Nifty again bounced from Gann Angle and is again trading with in the 2 gann angles as shown in below chart. As tommrow is very important Astro Date suggesting another big move will be seen in next 2 trading sessions. Bulls need to move above 24900 for a move back to 25078/25200/25386. Bears below 24610 will be back to 24500/24366/24225/24100.
Bank Nifty Nov Future Open Interest Volume is at 8.6 lakh with addition of 4.4 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @21225 closed above it.
25000 CE is having highest OI @30 Lakh resistance at 25000 followed 25200.23000-25000 CE added 12 Lakh in OI so bears added position in the zone of 24800-25000
24300 PE is having highest OI @28 Lakh, strong support at 24300 followed by 24000.23000-25000 PE added 15 Lakh OI so bulls making support in the range of 24000-24200.