As Discussed in Last AnalysisWe have Total Lunar Eclipse suggesting another big move will be seen in next 2 trading sessions. Bulls need a close above 34729 for a move back to 34888/35055/35400. Bears will get active below 34610 for a move back to 34000/34180/34020. Bulls did 1 target on upside and bears got whipsawed,We will see effect of Total Lunar Eclipse tommrow so be ready of explosive expiry. Bears will get active below 34610 for a move back to 34470/34305/34140. Bulls will get active above 34777 for a move back to 34900/35065/35225.
Bank Nifty June Future Open Interest Volume is at 11.9 lakh with addition of 5 Lakh, with decrease in Cost of Carry suggesting LONG positions were added today. Bank nifty Rollover cost @33146 closed above it.
35000 CE is having highest OI @19.8 Lakh resistance at 35000 followed 35300.34000-35000 CE added 22.6 Lakh in OI so bears added position in the zone of 34500-35000.
34000 PE is having highest OI @13.3 Lakh, strong support at 34000 followed by 34500 .34000-35000 PE added 16 Lakh OI so bulls making support in the range of 34000-34500.