Nifty Vedic Date 22 March.

Nifty will give Big move on Vedic Date 22 March?

Interpretation of Nifty Open Interest Data:

Nifty has a maximum Open Interest on Call side is  23.81 Lakh at Strike Price 11600 maximum Open Interest on Put side is 26.34 Lakh at Strike Price 11500.  
So Upper side 11600 is resistance & 11500 is strong support
+7.36 Lakh open interest increasing at call Side strike price 11600 is suggesting that strong resistance at 11500.
India VIX is at 16.03 (2.79% Down) 
Nifty is closed at 11521. High 11556, Low 11503 
Daily CandleBearish on Daily Chart.


Nifty Spot 15 min Darvas Box Chart :



Nifty 15 min Darvas box chart
Nifty 15 min Darvas box 

Today nifty is closed at 11521 which is nearly Vedic number 11538.

As we discussed in the previous blog, Closing above 11538 on 5 min chart, nifty will rally of 100 points on the upside. On the 15 min chart, we can see Darvas Box upper limit 11529. We will see a new rally in 2 days. Most probably start on 20 March. 

Nifty Vedic Date 22 March. The big move may come.

Strategy:


Intraday Nifty Spot Target:


Buy above 11538 Target 11574, 11610,11646

Sell below 11502 Target 11466, 11430, 11403

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