As discussed in Last AnalysisNow as we have formed DOJI near Astro date so we should see trending move in next 2 trading session. Bulls need to move above 36170 for a move back to 36342/36461/36700. Bears below 35870 can see quick fall towards 35529/35154. We got a big move on downside but saw an equal recovery also, Today being expiry expect another volatile session.Bulls need to move above 35830 for a move back to 36000/36197/36400. Bears below 35666 can see quick fall towards 35400/35225/35000.
Bank Nifty Feb Future Open Interest Volume is at 15.1 lakh with liquidation of 0.63 Lakh, with increase in Cost of Carry suggesting SHORT positions were closed today. Bank nifty Rollover cost @30980 closed above it.
36500 CE is having highest OI @11.7 Lakh resistance at 36000 followed 36500.35000-37000 CE added 20.3 Lakh in OI so bears added position in the zone of 36000-36500.
35000 PE is having highest OI @9.1 Lakh, strong support at 35000 followed by 34500 .34000-35000 PE added 12 Lakh OI so bulls making support in the range of 34500-35000.