Banknifty Fibonacci Levels.

Kya BankNifty Vedic Number 28404 ko touch Karega before expiry?

BankNifty closed at 27966. As we discussed in the previous blog Banknifty is ready for a Big move  and today 11 March was Vedic date and bankNifty is 200 point plus. Now, what is Next target for BankNifty??

Banknifty has maximum Open Interest on Call side 5.32 Lakh at Strike Price 28200 and maximum OI on Put side is 3.4 Lakh at strike price 28000 followed by 5.02 lakhs at 27700. So Upper side 28200 is resistance and 27700  is strong support. 


India VIX is at 14.90 (0.27% down) is suggesting that the market is in control of Bull.

Daily CandleBig Bullish on Daily Chart

Banknifty daily candlestick chart and Fibonacci Levels.




Banknifty daily candlestick chart and Fibonacci Levels.

Banknifty daily candlestick chart and Fibonacci Levels.


Banknifty closing Price is 27966. On the Daily chart, Banknifty has made a bullish candle. As seen on chart banknifty is in Fibonacci levels of 0.5 and 0.786 Line. Next upper target is 28404 as per Fibonacci levels.


Strategy 


Weekly: Sell Banknifty 14th March 27700 PE: CMP 49 

Intraday:


Buy above 27990 Target 28035, 28080, 28134

Sell below 27900 Target 27855, 27810, 27080

Contact for Join VIP Telegram Channel:https://t.me/UltimateForexSupport


Post a comment

0 Comments