As discussed in Last AnalysisBears were able to close below 35937 now waiting for the target of 35661/35416/35171. Bulls need to move above 35940 for a move back to 36079/36324. We should see big move in bank nifty in next 2 trading session based on astro date combinations. Bears were able to do 1 target on downside and Bulls were able to do 1 target on upside. Till we are holding 35937 bulls can rally towards 36079/36324. Bears will again get active below 35886 for a move back to 35707/35555/35386.
Bank Nifty August Future Open Interest Volume is at 19.5 lakh with addition of 0.04 Lakh, with decrease in Cost of Carry suggesting SHORT positions were added today. Bank nifty Rollover cost @34880 closed above it.
36500 CE is having highest OI @9.8 Lakh resistance at 36500 followed 37000. 36000-37000 CE added 20.2 Lakh in OI so bears added position in the zone of 36500-37000.
35000 PE is having highest OI @12.7 Lakh, strong support at 35000 followed by 34500.35000-36000 PE added 23 Lakh OI so bulls making support in the range of 35000-35500.