As discussed in Last AnalysisNow Bulls need to hold 30850 for trend to remain bullish and rally to continue towards 31169/31330. Bears will get active below 30840 for a move back to 30733/30500. Tomorrow is an important Astro Date. Low made was 30917 so bulls held on to 30850 and did all target on upside. As today was an important astro date High and Low of today will be very important. Bulls need to move above 31392 for rally to continue towards 31536/31680/31824. Bears will get active below 31180 for a move back to 30990/30700.
Bank Nifty Jan Future Open Interest Volume is at 11.2 lakh with addition of 0.64 Lakh, with decrease in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @30990 closed above it.
31500 CE is having highest OI @3 Lakh resistance at 31500 followed 31800.30000-33000 CE added 9 Lakh in OI so bears added position in the zone of 31500-31800.
31000 PE is having highest OI @3.2 Lakh, strong support at 31000 followed by 30800.30000-32000 PE added 10 Lakh OI so bulls making support in the range of 31000-30800.