Banknifty weekly expiry analysis for 04th April - Weeklypaisa

Interpretation of Banknifty Open Interest Data:

Banknifty has a maximum Open Interest on Call side is  7.45 Lakh at Strike Price 30500  Put side is  6 Lakh at 30000

So Upper side 30500 is resistance  &  30000 is support.

BankNifty closed at 30093. 

Daily Candle: Bearish on the Daily Chart. 

Banknifty 1 Hour  Vedic chart : 

Banknifty Hourly Vedic Chart

Banknifty Hourly Vedic Chart

Banknifty has broken support on the chart and going towards support line of the home which is near 29750. If 30000 level will break tomorrow then 29800 level will see very fast. For the upward move, it has to break 30159 on 15 min chart.

Intraday Banknifty Spot levels for 4th April:

Buy above 30159 Target  30240  30330  30420  30510

Sell below 29997 Target  29916 29835 29754  29673

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