As Discussed in Last AnalysisNow Bulls need to hold range of 25510-25600 for upmove to continue towards 26000/26270/26500/26780. Bears will get active below 25400 for a move back to 25250/24900/24600. Bears were able to do 1 target on downside. Now as US Election volatlity will continue and we are near 13 March High , day we hit lower circuit ,bulls need to move above 25900 for upmove towards 26050/26350/26500 Bears need a close below 25600 for move towards 25450/25300/25000.Tommrow is very important Gann Date.
Bank Nifty Nov Future Open Interest Volume is at 16.9 lakh with liqudiation of 1.5 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @24264 closed above it.
26000 CE is having highest OI @12 Lakh resistance at 26000 followed 26300.24000-26000 CE added 14.1 Lakh in OI so bears added position in the zone of 26000-26300
25000 PE is having highest OI @14.1 Lakh, strong support at 25000 followed by 24800.24000-26000 PE added 22 Lakh OI so bulls making support in the range of 25300-25000.