Banknifty intraday levels for 26 March- Weeklypaisa

Interpretation of Banknifty Open Interest Data:

Banknifty has a maximum Open Interest on Call side is  6.21 Lakh at Strike Price 29500  Put side is  6.68 Lakh at 29000

So Upper side 29500 is resistance  &  29000 is support.

BankNifty closed at 29281. High made 29329 and Low 29151

Daily CandleBearish small body on the Daily Chart

Banknifty 1 Hour  Vedic chart : 

Banknifty Hourly Vedic Chart

Banknifty Hourly Vedic Chart

As discussed in previous blog banknifty has broken blue colour support line and going towards red colour support line as seen on the chart.  

Now Banknifty is struggling at support line of Vedic home 2.If it will break the support line then move towards next support line which comes at 28818. If support will not break then move towards resistance line at 29800.

Intraday Banknifty Spot levels for 26 March:

Buy above 29376 Target  29448  29520  29592 29673

Sell below 29232 Target   29160  29088 29016 28953

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