Banknifty weekly analysis for 18 March - 20 March

BankNifty Vedic Date 18th March 2019. A big move may come around this Date.


Interpretation of Banknifty Open Interest Data:

Banknifty has a maximum Open Interest on Call side is  3.31 Lakh at Strike Price 29500  & maximum Open Interest on Put side is  6.65 Lakh at Strike Price 29000   So Upper side 29500 is resistance  &  29000 is strong support

India VIX is at 15.13 (0.98%  Down).


BankNifty closed at 29381. High made 29520 and Low 28990


Daily CandleBullish on the Daily Chart

Banknifty 15 Min Darwas Box chart : 

Banknifty 15 min chart
Banknifty 15 min chart



Banknifty On the Daily chart, Bullish candle was made. 

Darwas Box high 29517 and low 29330. If high will break then BN move towards 29800 and low will break then move towards 29000.

18th March is Vedic turn date. Banknifty may give Big move on this Date. 

Strategy 


Intraday:

Buy above 29448 Target   29520  29592  292749


Sell below 29304 Target  29232  29160  29088  

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