BANK NIFTY - 15 MIN CHART - 23.08.2022 - BAHAVAN CAPITALBANK NIFTY as per 15 minute chart as per my observation
23.08.2022 it will start with a down trend and if it opens below 38156 or 38061 then
Support at 37942 / 37786 / 37695 / 37549 / 37445.
Finally both FII Net Selling was at 453.77 Crores and DII Net Selling was at 85.06 Crores
Until Last Friday DII was turned out be a Net Seller and FII was still a Net Buyer but today both turning into Net Seller shows a lot weakness for any uptrend movement for now.
If there was any surprises of a Gap up for tomorrow because of today's aside way movement from 10.30am - 3.30pm will be very interesting and if so will post fresh chart during the session in the morning.
Happy Profitable Trading to All....
Bahavancapital
BANK NIFTY ( GAP DOWN ) - 22.08.2022 - BAHAVAN CAPITALBANK NIFTY as per 15 min chart posted for "22.08.2022 if market is in Down Trend" one can compare precisely how price action had worked based on their support and resistance and once 38902 is broken it took support and resistance at 38389.
However will make price action for 23.08.2022 and will post shortly.
Happy Profitable Trading for all
NIFTY 50 - 15 MIN CHART - BAHAVAN CAPITAL - 22.08.2022NIFTY 50 as per 15 minutes Chart with price action taken into consideration.
If there is a Gap down opening below 17689 then Support at 17641 / 17600 / 17549 / 37786
If there is a Gap up Opening above 17812 then Resistance at 17840 / 17882 / 17945 / 18000
Below follows my observation
Thursday FII Net Selling was 1706 Crores and DII Net Buying was 470.79 Crores. When the Market Fell on Friday Forming Bearish Engulfing. I was expecting the Bearish turn around should be because of FII again and heading towards another correction but surprisingly DII Net Selling was 1633.21 Crores and FII Net Buying was 1110.90 Crores.
FII Net Buying for this month as on 19.08.2022 is 17970.62 Crores and DII with Net Selling at 6052.67 Crores.
So there may be a weakness for a day or another and then market may reverse for uptrend. Does this mean there will be no correction? However Monday FII and DII data will give more clarity
Monday as per 15 minute candle chart if its uptrend then looking at the price action it might be difficult to trade. Only if its Gap Down or Down Trend then there are possibilities to trade
Happy weekend and Happy Profitable Trading to all......
BANK NIFTY - 15 MIN CHART -22.08.2022 - BAHAVAN CAPITALBANK NIFTY as per 15 minutes Chart with price action taken into consideration.
If there is a Gap down opening below 38902 then Support at 38648 / 38389 / 38156 / 37786
If there is a Gap up Opening above 39000 then Resistance at 39187 / 39304 / 39401 / 39599
Below follows my observation
Thursday FII Net Selling was 1706 Crores and DII Net Buying was 470.79 Crores. When the Market Fell on Friday Forming Bearish Engulfing. I was expecting the Bearish turn around should be because of FII again and heading towards another correction but surprisingly DII Net Selling was 1633.21 Crores and FII Net Buying was 1110.90 Crores.
FII Net Buying for this month as on 19.08.2022 is 17970.62 Crores and DII with Net Selling at 6052.67 Crores.
So there may be a weakness for a day or another and then market may reverse for uptrend. Does this mean there will be no correction? However Monday FII and DII data will give more clarity
Monday as per 15 minute candle chart if its uptrend then looking at the price action it might be difficult to trade. Only if its Gap Down or Down Trend then there are possibilities to trade
Happy weekend and Happy Profitable Trading to all......
IEX - DAILY CHART - 17.08.2022 - BAHAVAN CAPITALINDIAN ENERGY EXCHANGE as per Daily chart Analysis.
It has broken the previous resistance at 168 and today ADANI POWER, IEX and TATA POWER has shown good momentum and among these ADANI POWER had no seller after 1.30pm.
There should be a Good momentum for these power and Energy sectors for tomorrow.
IEX Above 175 and Target 185
Happy Profitable Trading to All...
TATA POWER - DAILY CHART - 17.08.2022 - BAHAVAN CAPITALTATA POWER as per Daily chart Analysis.
Today ADANI POWER, IEX and TATA POWER has shown good momentum and among these ADANI POWER had no seller after 1.30pm.
There should be a Good momentum for these power sectors for tomorrow.
TATA Power Above 238 and Target 245 / 250 / 258 / 268
Happy Profitable Trading to All...
SALZER ELECTRONICS - DAILY CHART - 16.08.2022 - BAHAVAN CAPITALSALZER ELECTRONICS Daily Chart Analyis
Above 239 Target 254 / 264
Happy Independence Day to all....
Happy Profitable Trading to all...