As Discussed in Last AnalysisBulls now need to move above 24964 for a move back to 24964 for a move back to 25123/25281/25441/25600. Bears will get active below 24610 for a move back to 24444/24300/24100. All Bullish target done.Now 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.
Bank Nifty Nov Future Open Interest Volume is at 17.6 lakh with addition of 0.34 Lakh, with decrease in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @24264 closed above it.
26000 CE is having highest OI @10 Lakh resistance at 26000 followed 26500.24000-26000 CE added 14.1 Lakh in OI so bears liqudated position in the zone of 25000-25500
25000 PE is having highest OI @12.1 Lakh, strong support at 25000 followed by 24500.24000-26000 PE added 22 Lakh OI so bulls making support in the range of 23500-23800.