As Discussed in Last Analysis23446 done now waiting for 23200/23000 till we are below 23555. Bulls need to move above 23666 for a move back to 23900/24100/24300. 23150 done and above 23666 bulls were able to do 23900 on upside and formed an OUtside bar. Bulls need to move above 24000 for a move back to 24175/24300. Bears below 23660 can move back to 23555/23400/24250.
Bank Nifty Oct Future Open Interest Volume is at 16.6 lakh with addition of 0.34 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @21225 closed above it.
24000 CE is having highest OI @10 Lakh resistance at 24000 followed 24200.23000-25000 CE added 28 Lakh in OI so bears added position in the zone of 24000-24500
23500 PE is having highest OI @15 Lakh, strong support at 23500 followed by 23300.22000-23000 PE added 15 Lakh OI so bulls making support in the range of 23500-23600.