Interpretation of Banknifty Open Interest Data:

Banknifty has a maximum Open Interest on Call side is  8.61 Lakh at Strike Price 30500  Put side is  6 Lakh at 30000

So Upper side 30500 is resistance  &  30000 is support.

Daily CandleBearish on the Daily Chart. 

Banknifty 15 Min  Vedic chart : 

Banknifty 15 Min Vedic Candlestick Chart

Banknifty 15 Min Vedic Candlestick Chart

Banknifty has taken resistance at 30600-30690 zone as seen on the chart and closed near lower support zone 30159-30240 zone. Now bulls need to close above 30240 on 15 min chart to further upmove , otherwise, 30000 levels may see.

Intraday Banknifty Spot levels for 22nd April:

Buy above 30240 Target 30330  30420  30510

Sell below 30159 Target  30078 29997 29916 

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