NIFTY 50 - 08.08.2022 - DAILY & 15MIN CHART - BAHAVAN CAPITALNIFTY 50 as per 15 minute Chart Analysis i observe as below
As per 15 minute chart Analysis Elliot wave 5th had been completed and 1st wave will be starting tomorrow and should test 17466 level and then turn bearish and take a support 17428 / 17407 level.
If 17400 level is broken then 17348 level holds the next support.
Also i find a Head and Shoulder pattern completion after testing 17466 level and taking support at 17407 level.
Happy Profitable trading to all...
Bahavancapital
BANK NIFTY - 08.08.2022 - DAILY & 15 MIN CHART - BAHAVAN CAPITALBANK NIFTY as per Daily chart Analysis and 15min Chart analysis these are my observations
Daily chart analysis as per Elliot wave the 5th wave gets completed at 38106 level. As well as on a 15 minute chart the 5th Wave gets completed at 38106 level.
I also observe Head and Shoulder pattern on a 15 minute chart and having 38106 level resistance the market should become bearish after testing it and take a support at 38000 level. Once 38000 is broken i anticipate to come down till 37825 level.
Happy Profitable Trading to all...
BANK NIFTY - INTRADAY - 01.08.2022 - BAHAVAN CAPITALBANK NIFTY as per 15 min chart pattern
If 37250 level is Broken then Target is 37105 level
If 37753 level is Broken then Target is 37855 - 37880 Level
37250 - 37340 No Trade Zone due to previous day consolidation @ this Level
Happy Profitable Trading to all....
NIFTY 50 - 01.08.2022 - BAHAVAN CAPITALNIFTY 50 Posted for 29.07.2022 it will test 17090 Level and broken and closed at 17158 unlike Bank Nifty which had exactly tested 39753.
28.07.2022 (16644) and 29.07.2022 (16949) Gap are yet to be filled.
01.08.2022 Nifty could be in Range bound because it had broken previous resistance 17090 level and it might face retracement.
And on other Side Bank Nifty could not break its resistance level at 39753. Considering bearish candle for Bank Nifty and Bullish candle for Nifty 50 anticipating a Range Bound.
Nifty 50 has another resistance at 17322 level.
However lets see how the market progress on Monday.
Happy Weekend and a Profitable Trading to all....
BANK NIFTY - 01.08.2022 - BAHAVAN CAPITALBANK NIFTY Posted for 29.07.2022 it will test 39753. And it had exactly tested 39753 with a Gap up opening and closed at 37491.
29.07.2022 Gap had been filled the same day but the Gap it had created up to 36800 still to be filled.
01.08.2022 Bank Nifty could be in Range bound because up to 36800 Gap still to be filled and on the other side Nifty 50 had broken 17090 level.
Nifty 50 might face retracement as it has broken previous resistance at 17090.
Considering bearish candle for Bank Nifty and Bullish candle for Nifty 50 anticipating a Range Bound.
However lets see how the market progress on Monday.
Happy Weekend and a Profitable Trading to all....
BANK NIFTY - 29.07.2022 - BAHAVAN CAPITALBANK NIFTY posted for 28.07.2022 may test up to 37000 resistance level and move down to 36563 levels
but instead opened with a Gap Up and it had taken support as 37000 level and closed at 37378 level.
Friday 29.07.2022 it might test up to 37753 level but then the Gap it had created today 28.07.2022 will be filled.
So i am anticipating 36800 to be filled shortly.
Happy Trading to all...
NIFTY 50 - 29.07.2022 - BAHAVAN CAPITALNIFTY 50 posted for 28.07.2022 may test up to 16748 resistance level and move down to 16568 levels
but instead opened with a Gap Up and it had taken support as 16748 level and closed at 16929 level.
Friday 29.07.2022 it might test up to 17090 level but then the Gap it had created today 28.07.2022 will be filled.
So i am anticipating 16644 to be filled shortly.
Happy Trading to all...
NIFTY 50 - 28.07.2022 - BAHAVAN CAPITALNIFTY 50 today (27.07.2022) Instead of bearish or in Range Bound it had a bullish momentum upwards
inspite of NASDAQ down yesterday (26.07.2022) with 200 + points.
iam a posting a 15 minutes Chart.
28.07.2022 being an Monthly Expiry there may be a initial Gap up or bullishness up to 16748 levels.
And after testing 16748 levels i anticipate for Bearish up to 16568 levels.
After testing 16568 Levels it may fall up to 16475 levels or it might take a support and move up to 16663 levels.
FII continue with a Moderate Net selling 436.81 Cr and DII continue with Net Holding 712.03 Cr
Happy Trading to all...
BANK NIFTY - 28.07.2022 - BAHAVAN CAPITALBANK NIFTY today (27.07.2022) Instead of bearish or in Range Bound it had a bullish momentum upwards
inspite of NASDAQ down yesterday (26.07.2022) with 200 + points.
iam a posting a 15 minutes Chart.
28.07.2022 being an Monthly Expiry there may be a initial Gap up or bullishness up to 37000 levels.
And after testing 37000 levels i anticipate for Bearish up to 36563 levels.
After testing 36563 Levels it may fall up to 36290 levels or it might take a support and move up to 36880 levels.
FII continue with a Moderate Net selling 436.81 Cr and DII continue with Net Holding 712.03 Cr
Happy Trading to all...
BANK NIFTY ( GAP DOWN ) - 27.07.2022 - BAHAVAN CAPITALBANK NIFTY formed a Second Bearish Candle today and anticipating the third bearish candle tomorrow.
FII have once again begin to be the Net Seller with 1548.29 Cr and DII Net holding with 999.36 Cr .
If Below 36280 then Target 35730 - more possibility to happen...
If Above 37075 then Target 37750
Anticipating Bank Nifty to open with a Gap Down below 36280 levels and down up to 35730 levels .
Nifty 50 will fill its Gap @16373 and will Bank Nifty down or it might become Range Bound.
Thursday being weekly expiry might see a good fall.
Happy Profitable Trading to All.
NIFTY 50 ( Gap Down ) - 27.07.2022 - BAHAVAN CAPITALNIFTY 50 as per my message on 25.06.2022 exactly after breaking 16560 level made a low @ 16475 level and closed @ 16483.
FII have once again begin to be the Net Seller with 1548.29 Cr and DII Net holding with 999.36 Cr .
If Below 16400 then Target 16207 - more possibility to happen...
If Above 16850 then Target 17090
Anticipating Nifty 50 to open with a Gap Down below 16400 levels and can go down to fill a Gap 16373 and further down up to 16207 levels .
Bank Nifty looks equally bearish there is a lot chances for Nifty 50 falling tomorrow or becoming Range Bound.
Thursday being weekly expiry might see a good fall.
Happy Profitable Trading to All.