Kya Nifty Vedic Number 11376 ko touch kar sakta he before expiry?

Kya Nifty Vedic Number 11376 ko touch Karega before March expiry?

Nifty closed at 11168. As we discussed in the previous blog Nifty is ready for a Big Move  today 11 March was Vedic date and Nifty is 132 point plus. Now, what is Next target for Nifty??

Nifty has a maximum Open Interest on Call side 12.55 Lakh at Strike Price 11200 and maximum OI on Put side is 19.61 Lakh on 11100 followed by 23.51 Lakh at strike price 11000. So Upper side 11200 is resistance and 11100 and 11000 is strong support. The huge increase in Open Interest on Put Side is suggesting near term Strong Support in 11100, 11000. It is very difficult to break 11000 for Bears in the medium term.

India VIX is at 14.90 (0.27% down) is suggesting that the market is in control of Bull.
Daily Candle: Big Bullish on Daily Chart


Nifty daily candlestick chart and Fibonacci Levels.



Nifty daily candlestick chart and Fibonacci Levels.
Nifty daily candlestick chart and Fibonacci Levels.

Nifty has taken support on Fibonacci line 1.618 and moving towards Fibonacci line 2.616 as showing in the chart. As per the Fibonacci line, 2.616 nifty next target is 11376 by March month expiry.


Strategy 

Nifty Weekly Options: Sell Nifty 14th March 11100 PE: CMP 24 


Intraday Nifty Target:


Buy above 11178 Target 11196,11214,11241,11268


Sell below 11142 Target 11124, 11106, 11088,11070










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