As Discussed in Last AnalysisNow Bulls need to move above 29920 for upmove to continue towards 20150/30400. Bears below 29750 can see quick fall towards 29600/29370/29200. Marecury Ingreess today so break of High and low of today can see move of 500-700 points in next 2 trading sessions. We got the 700 points as per expectation below 29750, as Astro date combined with gann angle resistance did the work. Now Bulls need to move above 29555 for a move back to 29700/29850/30000. Bears below 29400 can see fall back to 29250/29100/28800.
Bank Nifty Nov Future Open Interest Volume is at 15.7 lakh with addition of 0.99 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @29413 closed above it.
29700 CE is having highest OI @14 Lakh resistance at 29700 followed 29900.29000-30000 CE added 22.1 Lakh in OI so bears added position in the zone of 30000-30500
29100 PE is having highest OI @18.1 Lakh, strong support at 29100 followed by 29000.28000-29000 PE added 12 Lakh OI so bulls making support in the range of 29000-29300.
