As Discussed in Last AnalysisAll Bearish target done below 28770. Now Bulls need to move above 28370 for a move back to 28500/28666/28800. Bears will get active below 28150 for a move back to 28000/27750/27500. Bears were able to do 2 target on downside and bulls were able from the gann angle suport as shown in below chart.Now bulls need to move above 28525 for a move back to 28666/28756/28900, Bears below 28343 can see a fall towards 28229/28111. Genreally on Muhurat Session Bank Nifty open positive and close negative. Happy Diwali to you all !!!
Bank Nifty Nov Future Open Interest Volume is at 18.2 lakh with addition of 0.06 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @24264 closed above it.
29000 CE is having highest OI @7 Lakh resistance at 29000 followed 29200.27000-29000 CE added 14.1 Lakh in OI so bears added position in the zone of 28800-29000
28000 PE is having highest OI @10.1 Lakh, strong support at 28000 followed by 27800.27000-28000 PE added 12 Lakh OI so bulls making support in the range of 28000-28300.