Banknifty Vedic Number analysis for 29 March - Weeklypaisa

Interpretation of Banknifty Open Interest Data:


Banknifty has a maximum Open Interest on Call side is  2.42 Lakh at Strike Price 30500  Put side is  3.86 Lakh at 30000

So Upper side 30500 is resistance  &  30000 is support.

BankNifty closed at 30420. 

Daily Candle: Bullish on the Daily Chart

Banknifty 1 Hour  Vedic chart : 
 Banknifty Hourly Vedic Chart


Banknifty Hourly Vedic Chart


As discussed in the previous blog, banknifty near 30000 support line. if support line break, it may come near support of red line which is at 28800 to 29000 positional. If support hold then upper side 30159 may come.

Now the upper limit of 31500 is open. It may come by April end.Support and Resistance continuous following on the chart.


Intraday Banknifty Spot levels for 29 March:


Buy above 30510 Target  30600  30690  30780


Sell below 30330 Target  30240 30159 30078

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