BANK NIFTY 15 MIN CHART - 24.08.2022 - BAHAVAN CAPITAL
BANK NIFTY as per 15 Min Chart below follows my observation
As Expected it was a GAP Down opening but too the surprise it was a good Bull Run from 37951 to 38697 Level.
Considering the uptrend movement i anticipated the contribution should be because of Either FII or DII or both together.
But then the stunning data was FII Net Buying was 563 Crores and DII Net Selling was 215.20 Crores.
Irrespective of Forming Bullish Engulfing on the Day Chart. So where does this market is headed? With weak Net Holding by FII and DII still in Selling mode. i wouldn't be surprised if the market opens with Gap up and then falls down.
However Gap up at 38987 Possible to move up to 39187 Before a fall or turn into Sideways for Tomorrow...
Happy Trading to all...
As Expected it was a GAP Down opening but too the surprise it was a good Bull Run from 37951 to 38697 Level.
Considering the uptrend movement i anticipated the contribution should be because of Either FII or DII or both together.
But then the stunning data was FII Net Buying was 563 Crores and DII Net Selling was 215.20 Crores.
Irrespective of Forming Bullish Engulfing on the Day Chart. So where does this market is headed? With weak Net Holding by FII and DII still in Selling mode. i wouldn't be surprised if the market opens with Gap up and then falls down.
However Gap up at 38987 Possible to move up to 39187 Before a fall or turn into Sideways for Tomorrow...
Happy Trading to all...