Banknifty is ready for a Big Move ?

Banknifty can give big move on Vedic date 22 March?

Interpretation of Banknifty Open Interest Data:


Banknifty has a maximum Open Interest on Call side is  4.11 Lakh at Strike Price 30000  & Put side is  5.85 Lakh at Strike Price 29500.

So Upper side 30000 is resistance  &  29500 is strong support

BankNifty closed at 29832. High made 29885 and Low 29633

Daily Candle: Hammer on the Daily Chart

Banknifty 15 Min Darvas Box chart : 

Banknifty 15 Min Darvas Box
Banknifty 15 Min Darvas Box


As discussed in a previous blog, Darvas Box high 29835 and low 29372. 29835 is Vedic number if banknifty stay above 29835 for 15 min then will show rally of 300 Points.

Now, banknifty is near 29835 and Darvas box upper limit is broken.

22 March is Vedic date. A big move may come on this date.

Strategy 

Intraday Banknifty Spot:


Buy above 29835 Target   29916  29997  30078 30159


Sell below 29754 Target  29673 29592  29520  29448    

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