Banknifty vedic analysis for 2nd April-Weeklypaisa

Interpretation of Banknifty Open Interest Data:


Banknifty has a maximum Open Interest on Call side is  3.56 Lakh at Strike Price 30500  Put side is  5.33 Lakh at 30000

So Upper side 30500 is resistance  &  30000 is support.

BankNifty closed at 30326. 

Daily CandleBearish on the Daily Chart

Banknifty 1 Hour  Vedic chart : 


Banknifty Hourly Vedic Chart

Banknifty Hourly Vedic Chart


Banknifty near 30300 support line. if support line does not break then it may go upward side resistance 31000.

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 2nd April:


Buy above 30420 Target  30510  30600  30690



Sell below 30240 Target  30159 30078 29997


<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BankniftyNifty?src=hash&amp;ref_src=twsrc%5Etfw">#BankniftyNifty</a> Narrow range breakout after 1145 ?<a href="https://t.co/VgmndZol37">https://t.co/VgmndZol37</a> <a href="https://t.co/YLl8ogxBoJ">pic.twitter.com/YLl8ogxBoJ</a></p>&mdash; Weeklypaisa (@BharatKumarWP) <a href="https://twitter.com/BharatKumarWP/status/1112950301772800007?ref_src=twsrc%5Etfw">April 2, 2019</a></blockquote>

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