As discussed in Last AnalysisLow made was 34649 and once above 34862 bulls had upper hand and with Saturn Aspect and Mercury Superior Conjuction multiple Astro event added fuel to fire and we got the big move. Now Bulls need to hold 35193 level for the upmove to continue till 35400/35620. Bears will get active below 35119 for a move back to 34824/34666. All Bullish target done and we also completed the gann angle journey from one angle to another as shown in below Gann Chart, Now Bulls need to protect 35937 for upmove to continue towards 36400/36729. Bears will get active below 35920 for a fall towards 35766/35487.
Bank Nifty August Future Open Interest Volume is at 17.4 lakh with liquidation of 0.16 Lakh, with decrease in Cost of Carry suggesting LONG positions were closed today. Bank nifty Rollover cost @34880 closed above it.
36500 CE is having highest OI @16.4 Lakh resistance at 36300 followed 36500. 36000-37000 CE added 8.3 Lakh in OI so bears added position in the zone of 36000-36500.
35500 PE is having highest OI @18.8 Lakh, strong support at 35500 followed by 35300.35000-36000 PE added 43 Lakh OI so bulls making support in the range of 34000-34300.