Nifty forecast for 19 March

Interpretation of Nifty Open Interest Data:

Nifty has a maximum Open Interest on Call side is  11.42 Lakh at Strike Price 11500 & 12.64 Lakh at 11600 and maximum Open Interest on Put side is 17.51 Lakh at Strike Price 11400.  So Upper side 11500, 11600 is resistance & 11400 is strong support

4.73 Lakh open interest increasing at Put Side strike price 11400 is suggesting that strong support at 11400.

India VIX is at 16.90 (1.04%  Up) and Weekly PCR 1.26 

India VIX 1% increase is suggesting that volatility will increase in the near term.
Nifty is closed at 11462. High 11530, Low 11412
Daily Candle: Doji type on Daily Chart.

Nifty Spot Hourly Fibonacci Chart :

Nifty Spot Hourly Fibonacci Chart
Nifty Spot Hourly Fibonacci Chart

Nifty Hourly Darvas Box Chart
Nifty Hourly Darvas Box Chart

As we said in the previous blog 18th March Vedic Date. Big Move May Come and Nifty gave around 115 points move intraday.

Now, on the Daily Chart Doji candle made which is suggesting that Bull and Bear both is continuous fighting and market directionless. Nifty has to break either support 11400 or resistance 11530 for the next move of 100 points.


Intraday Nifty Spot Target:

Buy above 11502 Target 11538, 11574,11610

Sell below 11430 Target 11403, 11376, 11349

Contact for Join VIP Telegram Channel:

Post a comment