NIFTY 15 MIN - TREND ANALYSIS - 24.08.2022 - BAHAVAN CAPITAL
NIFTY 50 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 17345 to 17625 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.
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 17650 or 17721 and Possible to move up to 17800 Before a fall or turn into Sideways for Tomorrow...
If 17820 is Broken then 17882 / 17945 / 18000 are the Resistance
Happy Trading to all...
As Expected it was a GAP Down opening but too the surprise it was a good Bull Run from 17345 to 17625 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.
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 17650 or 17721 and Possible to move up to 17800 Before a fall or turn into Sideways for Tomorrow...
If 17820 is Broken then 17882 / 17945 / 18000 are the Resistance
Happy Trading to all...
Feragatname
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