Nifty shows three Consecutive long green candles. What is Next ?

Nifty is close near Vedic Number 11376.

Nifty is closed at 11341. High 11352 & Low 11276. 

Daily CandleHammer on Daily Chart.

Interpretation of Nifty Open Interest Data:


Nifty has a maximum Open Interest on Call side is 12.52 Lakh at Strike Price 11400 maximum Open Interest on Put side is 21.80 Lakh at Strike Price 11300.

10.56 Lakh Open Interest increased at Put Side strike price 11300 is suggesting that 11300 is very strong support for weekly expiry.

Nifty weekly expiry Range: 11300 to 11400

India VIX is at 15.28 (1.19% Up) and weekly PCR 2.10 
Nifty Daily Candlestick Chart
Nifty Daily Candlestick Chart

Nifty Hourly Chart
Nifty Hourly Chart


On Nifty Daily chart Hammer candlestick is made on the third day of rallies. 
For continue uptrend confirmation, Bull need to close above 11376 on the Hourly chart. 

Hammer on the top side is suggesting that bull lose their confidence but 10.56 Lakh Open Interest increased at Put Side strike 11300 is strong confirmation of Nifty will lift towards new High.

Strategy 

Nifty Weekly OptionsSell Nifty 14th March 11300 PE: CMP 13.45

Intraday Nifty Target:


Buy above 11376 Target 11403, 11430,11466


Sell below 11322 Target 11295, 11268, 11241



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