As discussed in Last Analysis We held on to the Gann angle support as shown in below chart. Bank Nifty Bulls need to move above 35333 for a move back to 35529/35700/35962, Bears will get active below 34970 for a move back to 34835/34666/34400. Bulls once above 35333 did all target on upside and we saw the big upmove after the technical glitch was resolved. Price did not break gann angle and also never went below 34970 with FM Tweet on Pvt Bank added Fuel to the fire, As we have expiry tommrow Till Bulls are holding 36342 price can rally towards 36683/37025. Bears below 36230 can see quick fall towards 36030,35843,35666
Bank Nifty March Future Open Interest Volume is at 10.4 lakh with addition of 4.48 Lakh, withincrease in Cost of Carry suggesting LONG positions were added today. Bank nifty Rollover cost @30980 closed above it.
36800 CE is having highest OI @28.3 Lakh resistance at 36800 followed 37000.35000-37000 CE added 7.9 Lakh in OI so bears added position in the zone of 37000-37500.
35800 PE is having highest OI @18 Lakh, strong support at 35800 followed by 35500 .35000-37000 PE added 32 Lakh OI so bulls making support in the range of 35000-35500.