As discussed in Last Analysis 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. Today we are Mercury going to Virgo in evening and Mars Sqaure North Node or Rahu suggesting big trending move should be seen either today or tommrow. We saw the impact of astro date with bank nifty doing 2 target on downside and closed below 35937. Till Bears are below 35937 price can fall towards 35707/35555/35386. Bulls will get active above 36000 for a move back to 36178/36450/36666.
Bank Nifty August Future Open Interest Volume is at 20.4 lakh with liquidation of 0.96 Lakh, with increase in Cost of Carry suggesting SHORT positions were closed today. Bank nifty Rollover cost @34880 closed above it.
36000 CE is having highest OI @24 Lakh resistance at 36000 followed 36200. 35500-36000 CE added 20.2 Lakh in OI so bears added position in the zone of 36500-37000.
35500 PE is having highest OI @17.2 Lakh, strong support at 35500 followed by 35000.35000-36000 PE added 13 Lakh OI so bulls making support in the range of 35000-35500.