Nifty50 vedic analysis for 26 March - Weeklypaisa

Interpretation of Nifty Open Interest Data:

Nifty has a maximum Open Interest on Call side is  24.53 Lakh at Strike Price 11400 and 38 Lakh @ 11500 maximum Open Interest on Put side is 27 Lakh at Strike Price 11300 and 30 lakh @ 11200.  
So Upper side 11400 is resistance & 11300,11200 is support

+13 Lakh open interest increasing at call Side strike price 11400 is suggesting that strong resistance at 11400.

India VIX is at 16.67 (2.46% Up) is suggesting the Nifty is overbought. 
Nifty is closed at 11354. High 11395, Low 11311 
Daily CandleBearish Body on Daily Chart.
Nifty Vedic Chart - Daily Frame
Nifty Vedic Chart - Daily Frame 

As we discussed in the previous blog, Nifty has broken support and going towards next support which is touched today.

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.

Intraday Nifty Spot Target for 26 March:

Buy above 11376 Target 11403  11430  11466

Sell below 11322 Target 11295  11268  11241

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