As Discussed in Last Analysis As today is important Bayers date (Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes.) and important Jupiter Aspect (Venus Sextile Jupiter) Jupiter being Ruling plannet of Bank Nifty so we should see trending move in market in next 2 trading session.Bulls need to move above 32666 for a move back to 32843/33000/33225/33479. Bears are below 32323 we can move back to 32150/31900/31729/31555. Bayers date showed the perfect move as discussed in below video. When 2-3 Astro Event combined we tend to get big move in market. Now Bulls need to move above 30900 for a move back to 31100/31333/31555. Bears below 30666 can see quick move towards 30520/30308/30100.
Bank Nifty April Future Open Interest Volume is at 18.1 lakh with addition of 0.83 Lakh, with increase in Cost of Carry suggesting SHORT positions were added today. Bank nifty Rollover cost @33759 closed below it.
31000 CE is having highest OI @9.1 Lakh resistance at 31000 followed 31500.331000-33000 CE added 17.2 Lakh in OI so bears added position in the zone of 31000-31500.
30000 PE is having highest OI @15.3 Lakh, strong support at 30000 followed by 29500 .30000-31000 PE added 8.3 Lakh OI so bulls making support in the range of 30000-29500.