As discussed in last analysisAll Bullish target done, Bulls need to move above 19200 for a move back to 19450/19600. Bears will get active below 19000 for a move back to 18850/18500. Till we are holding 19200 bulls have upperhand can rally towards 19450/19600. Bears will get active below 19040 for a move back to 18900/18769/18500.
Bank Nifty May Future Open Interest Volume is at 14.9 lakh with addition of 1 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @18001 closed above it
19500 CE is having highest OI @2 Lakh resistance at 19500 followed 19000.18000-20000 CE added 6 Lakh in OI so bears added position in the zone of 19000-19300.
18500 PE is having highest OI @3 Lakh, strong support at 18500 followed by 18300.18000-19000 PE added 2 Lakh OI so bulls making support in the range of 18300-18500.