As discussed in Last AnalysisNow Bulls need to move above 32500 for a move back to 32786/32900/33050. Bears below 32225 for a move back to 32040/31850/31650. No Major movement seen but bulls were able to clsoe above 32500 now waitng for 32786/32900/33050. Bears below 32225 for a move back to 32040/31850/31650. 32786 watchout for this number as and when it hits this levels 1000 points move will be seen either side.
Bank Nifty Jan Future Open Interest Volume is at 14.3 lakh with liquidation of 1.4 Lakh, with decrease in Cost of Carry suggesting SHORT positions were closed today. Bank nifty Rollover cost @31230 closed above it.
32600 CE is having highest OI @12.9 Lakh resistance at 32600 followed 33000.31000-33000 CE added 8.3 Lakh in OI so bears added position in the zone of 32800-33300.
32300 PE is having highest OI @12.6 Lakh, strong support at 32300 followed by 32100 .31000-32000 PE added 17.2 Lakh OI so bulls making support in the range of 31500-31800.