As discussed in Last Analysis Now Bulls need to move above 34343 for a move back to 34596/34783/34969/35157. Bears below 34225 can move back to 34041/33856/33489.Bulls were able to 2target, Tommrow is another important astro date suggesting big move will be seen in next 2 trading sessions. Bulls now need to move above 34848 for a move back to 34969/35107/35280. Bears will get active below 34650 for a move back to 34555/34460/34225.
Bank Nifty Feb Future Open Interest Volume is at 18.1 lakh with addition of 1.72 Lakh, with decrease in Cost of Carry suggesting LONG positions were closed today. Bank nifty Rollover cost @30980 closed above it.
35000 CE is having highest OI @12.1 Lakh resistance at 35000 followed 35500.34000-36000 CE added 22.3 Lakh in OI so bears added position in the zone of 34000-5000.
34000 PE is having highest OI @15.3 Lakh, strong support at 34000 followed by 33500 .33000-34000 PE added 22 Lakh OI so bulls making support in the range of 34000-33500.