Nifty Vedic analysis for 29 March-Weeklypaisa

Interpretation of Nifty Open Interest Data:

Nifty has a maximum Open Interest on Call side is  6.14 Lakh at Strike Price 11700 &  on Put side is 9 Lakh at Strike Price 11500 

So Upper side 11700 is resistance & 11400 is support

India VIX is at 16.65 is suggesting the Nifty is overbought. 
Nifty is closed at 11570. 
Daily CandleBullish Body on Daily Chart.

Nifty Vedic Chart
Nifty Vedic Chart

As we discussed in the previous blog,
Nifty closed at support line. If red line support will break then next support 11287 on the chart.If support will not break then 11500 which is resistance line on the chart.
Nifty perfectly following Redline support and blue line resistance of Vedic home 2.

Now Nifty is near Vedic resistance line. If resistance cross then it will move towards next resistance line which is at 11700, otherwise back to the support 11400.

Intraday Nifty Spot Target for 29 March:


Buy above 11574 Target 11610  11646  11682

Sell below 11538 Target  11502   11466   11430


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