Nifty analysis for 25 March

Interpretation of Nifty Open Interest Data:

Nifty has a maximum Open Interest on Call side is  38.58 Lakh at Strike Price 11600 and 29 Lakh @ 11500 maximum Open Interest on Put side is 24.63 Lakh at Strike Price 11400 and 23.15 @ 11300.  
So Upper side 11500 and 11600 is resistance & 11400,11300 is support
+14.77 Lakh open interest increasing at call Side strike price 11600 is suggesting that strong resistance at 11600.

India VIX is at 16.27 (1.50% Up) is suggesting the Nifty is overbought. 
Nifty is closed at 11456. High 11572, Low 11434 
Daily CandleBearish Body on Daily Chart.
Nifty Vedic Chart - Daily Frame
Nifty Vedic Chart - Daily Frame 
As we discussed in the previous blog, Nifty Vedic Date 22 March, big move may come and Nifty had  130 points daily movement.

As per the Vedic chart, Nifty has broken support and entered in Vedic home no 02. Now the support and resistance of home no 2 is red and blue line respectively as seen on the chart.

Intraday Nifty Spot Target for 25 March:

Buy above 11466 Target 11502  11538  11574

Sell below 11430 Target 11403  11376  11349

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