As discussed in Last Analysis For Tommrow 35937 will be an important number to watch, Bulls need to move above 35937 for a quick move towards 36100/36350/36600. Bears need to break 35800 for a move back to 35581/35300/35100. Bank Nifty bulls were able to close above 35937 waiting for the target of 36100/36350/36600. Bears need to break 35800 for a move back to 35581/35300/35100. Price is back to gann angle resistance as shown below, bulls would like to close above 36180 for a break out and move towards the all time high.
Bank Nifty March Future Open Interest Volume is at 13.6 lakh with liquidation of 0.41 Lakh, with decrease in Cost of Carry suggesting SHORT positions were closed today. Bank nifty Rollover cost @35984 closed aove it.
36500 CE is having highest OI @12 Lakh resistance at 36500 followed 37000.36000-38000 CE added 14.9 Lakh in OI so bears added position in the zone of 36000-37000.
35000 PE is having highest OI @13 Lakh, strong support at 35000 followed by 34500 .35000-36000 PE added 13 Lakh OI so bulls making support in the range of 35000-35500.