nifty 50 analysis Nifty 50 is range bond last day (19/09/2022) , but today market📈(20/09/2022) going up/down any side, we analys where to go market📈. If market can break 17655-17660 level and close green candle above these level, then we should go for long trade, ome resistance is 17670@ level if market can break this level and confirm✅ green candle close above 17670 then good trade for long trade, the target is 17770..
If the market📈 is not break 17670@ level and going bearish direction than we should go for short trade, but if market can not go up side if market market going downside than the support level is 17587.If the market📈 can break this support and red candle close below this level 17587,than we are going for short trading.. We can check EMA confirmation if ema confirm going up/down side than good sign for our trade..,..
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Nifty 50 Index 1hrs Time Frame EWT Analysis Nifty 50 Index 1hrs Time Frame EWT Analysis
We study from 29.08.22 price low point is 17166 which is ending point of wave IV and beginning of Wave V which is ended 18096
Dated 15.09.22.
Wave V internal structure wave ((A)) ((B)) and ((C)). Wave ((C)) ended 100% extension of wave ((A)) and wave ((B)) in
another way wave V subdivided into 12345 in this structure we draw upper trend line from wave 1 to wave 3 or wave 2 to 4.
we can clearly see ending diagonal.
Yesterday Dated 16.09.22 Breakdown of channel with strong Candle (1st hrs).
Down trend from key level from 18096 to 17500. which is 0.618% retracement of wave V.
Wave ((i)) travel from 18096 to 17865
Wave ((ii) Retrace 0.38 % of wave ((i))
Wave ((iii)) extend 200% of wave ((i)) and ((ii))
Wave ((iv)) we can anticipate pull back up to channel (retest) or retracement of wave ((iii) up to 0.618% (17786).
It may be 3 or 7 swings or triangle.
Disclaimer
It is my personal research for only educational purpose before investment or trade plane please guide your financial adviser.
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...
NIFTY 50 - 15 MIN CHART - 25.08.2022 - BAHAVAN CAPITALNIFTY 50 as per previous post. Today it was in sideways and formed a inside bar candle.
FII Net Buying was at 23.19 Crores and DII Net Selling was at 322.34 Crores. comparatively then Yesterday it looks more weaker.
If market opens Below 17561 then Support at 17495 / 17430 / 17347.
If market opens Above 17679 then Resistance at 17728 / 17748 / 17783 / 17882 / 17945 / 18000.
Till today market is holding up without a big fall and tomorrow hopefully will be a deciding day for the market movement to uptrend or downtrend.
Happy Profitable Trading to all...
NIFTY 50 - 15 MIN CHART - 23.08.2022 - BAHAVAN CAPITAL NIFTY 50 as per 15 minute chart as per my observation
23.08.2022 it should start with a Gap Down opening due to much cluster above 17316
Support at 17214 / 17116 / 17031 / 16945
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 will be very interesting and if so will post fresh chart during the session in the morning.
Happy Profitable Trading to 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......
Nifty 50 EWT Analysis in 1hrs Time FrameNifty 50 Index present time in extended wave 3 in 1hrs time frame
Wave 3 may be ended near 18050 Fibonacci extension level 200%.
Than we may be see ABC correction for wave 4th up to 0.38% Fib retracement of wave 3.
After completion of wave 3rd or 4th price go for 5th wave Fib Extension 0.618%
Disclaimer
It is my personal research share with you if you trade of investment plan please do yourself study or guide your financial adviser
Thank you
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...
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...