As Discussed in Last AnalysisBank Nifty continued its strong momentum on upside, Today is important astro date and break of High and low of today can see move of 350-500 points. Bulls need to move above 28656 for a move back to 28800/28944/29088. Bears will get active below 28512 for a move back to 28368/28244/28080. We got some voaltile move, We should see exciting expiry tommrow based on time cycle. Bulls now need to close above 28900 for a move back to 29030/29180/29300/29515. Bears will get active below 28770 for a move back to 28621/28500/28225.
Bank Nifty Nov Future Open Interest Volume is at 18.5 lakh with addition of 0.77 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @24264 closed above it.
29000 CE is having highest OI @14 Lakh resistance at 29000 followed 29200.27000-29000 CE added 14.1 Lakh in OI so bears added position in the zone of 28000-28300
28200 PE is having highest OI @14.1 Lakh, strong support at 28200 followed by 28000.27000-28000 PE added 22 Lakh OI so bulls making support in the range of 28000-28300.
