As discussed in Last AnalysisNow next week we should see a break out in Bank nifty with effect of Astro date we had today. Bulls need to move above 36200 can see move towards 36387/36610/36900. Bears will get active below 35930 for a move back to 35765/35421/35150. We got the big move as per expecation based on Astro date and all bullish target done on upside and we also got 1000+ points move from 35937. Now Bulls need to move above 37450 for a move back to 37636/37831/38025. Bears will get active below 37050 for a move back to 36864/36673/36481.
Bank Nifty Feb Future Open Interest Volume is at 19.7 lakh with addition of 2.2 Lakh, with increase in Cost of Carry suggesting LONG positions were ADDED today. Bank nifty Rollover cost @30980 closed above it.
38000 CE is having highest OI @7.3 Lakh resistance at 367500 followed 38000.36000-38000 CE added 4.3 Lakh in OI so bears added position in the zone of 36000-36500.
36500 PE is having highest OI @6 Lakh, strong support at 36500 followed by 36000 .34000-35000 PE added 22 Lakh OI so bulls making support in the range of 34500-35000.