Niftypriceactionstrategy
NIFTY 50 - 15 MIN CHART - BAHAVAN CAPITAL - 29.08.2022NIFTY 50 as per my previous post for 26.08.2022 mentioned that there had been no aggressive buy or sell by both FII and DII.
Similarly today was an highly volatile day where from 12.15 to 3.30 pm there had been no big movement on the either side.
FII Net Selling was at 51.12 Crores and DII Net Buying was at 453.59 Crores.
Being mostly a sideways day on 26.08.2022 we should witness some better movement any one of the side by Monday.
Above 17606 then Resistance at 17663 / 17697 / 17728 / 17781 / 17800 / 17831 / 17881.
Below 17491 then Support at 17428 / 17411 / 17354 / 17303 / 17286 / 17228 / 17211 / 17167.
Nasdaq Composite and Dow Jones Index had a good Fall today (26.08.22) and there could be a similar impact on Nifty and Bank Nifty too.
However lets see where market opens.
Happy Weekend to All........
NIFTY 29 AUGUST 2022Guys today onwards i will be posting charts of SPOT instead of FUTURES. As maximum of my followers are demanding it to plot the zones and levels on SPOT, which makes them easy to trade all instruments, as due to Cost of Carry difference between SPOT & FUTURES, they are unable to follow the level on charts.
NIFTY 50 - 15 MIN CHART - 26.08.2022 - BAHAVAN CAPITALNIFTY 50 as per 15 Min chart Below Follows my observation
Though it was a good sell from 2.00 pm onwards from 17716 to 17487.
As far as FII Net Buying was at 369.06 Crores and DII Net Selling was at 334.31.
So there was no big buying or selling even though there was a good sell off.
Above 17528 then Resistance at 17649 / 17716 / 17754 / 17793.
Below 17495 then Support at 17421 / 17325 / 17285 / 17225.
Friday being a Profit booking day for most. Volatility may continue.
Happy Profitable Trading to All...
BANKNIFTY FUTURES 26 AUGUST 2022Guys did you see the magic of zones, even the sharpest fall started from my zone 17727-17689 and ended directly at my zone 17533-17495
Thats the power of zones and levels, kindly take references from zones and levels to initiate the trades and keep Stop loss and profit targets.
NIFTY 50 - Price Action - 25.08.2022 - BAHAVAN CAPITALNIFTY 50 had posted previously for 25.08.2022.
Above 17679 and Resistance at 17728 and Below 17561 support at 17495.
Today we can witness market weakness which i had mentioned too for 25.08.2022.
For 26.08.2022 will post you price action chart.
And i believe the nifty charts which iam posting had been use full for you all..
NIFTY FUTURES 04 AUGUST 2022Did you observe how Nifty reacted to my zones, opened from zone of 17420-17401 took support from 17263-17241 exactly and went back and ended at the same opening zone of 17420-17401.
After many days today there is no change in zones and levels.
Trade only on levels and zones with proper SL & TP.
Nifty Levels By Nifty Price Action Strategy For Trading 26 July Nifty Levels By Nifty Price Action Strategy For Trading 26 July
Call Side Posiible Trade in Nifty on Tuesday
Up Side First Possible Trade
Tread Entry
If Nifty sustain Above Support Zone (16588 -16610) You can Buy 16600 ATM CALL OPTION
Trade Target
Up side First Target is 16767 and If Any 1 Hour CandleCloses above 16770 then Second target is 16720 Possible
Tread Stoploss
After Entry in Trade If any 30 min. Candle Closes Below Support 16588 then exit From Trade Or Take Stoplos of Maximum 20 /25 oints
Up Side Second Possible Trade ( If Nifty Open Gap Down Tomorrow )
Tread Entry
If Nifty sustain Above Support Zone (16480 -16500) You can Buy 16500 ATM CALL OPTION
Trade Target
Up side First Target is 16588 and If Any 1 Hour CandleCloses above 16588 then Second target is 16670 Possible
Tread Stoploss
After Entry in Trade If any 30 min. Candle Closes Below Support 16480 then exit From Trade Or Take Stoplos of Maximum 20 /25 oints
PUT Side Posiible Trade in Nifty on Tuesday
First Possible Trade - If nifty Open Gap Up Tomorrow
Tread Entry
If Nifty Sustain Below Resistance Zone (16720 -16705) You can Buy 16700 ATM PUT OPTION
Trade Target
Down side First nifty Target is 16610 iF any one Hour Candle Closes Below 16588 then Second target is 16480 is Possible
Tread Stoploss
After Entry in Trade If any 30 min. Candle Closes Above Resistance 16720 then exit From Trade Or Take Stoplos of Maximum 20 /25 oints