Get started

Moving Averages

Banknifty weekly expiry analysis for 18/10/23.Banknifty on the daily time frame has given a red candle after a gap up opening and closing 180 points higher. It opened above the 20 ema but couldn't sustain above the level and closed below the level and constantly faced resistance from 44500 level. On the hourly charts, banknifty traded between both the moving averages, taking resistance from the 200 ema and support from 20 ema. Today, there was a nice sell in the market in the second half after a consolidation forming a bearish flag and pole pattern. Tomorrow is weekly expiry and last expiry has also been in the consolidation phase. If there is a trend move it can be captured by booking 80% on the target and trailing SL for the remaining 20%. On 15 minute charts, the market closed around both the moving averages. The market took support from the 200 ema and respected the 44350 level. Support :- 44330, 44210 Resistance :- 44450, 44550, 44730 Wait for the price action near the level before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 18/10/23.Nifty is still unable to trade above the resistance levels of 19850. After a gap up opening the market came for selling and consolidated around the level. There was a sell off in the second half, taking support around the support level as well as the 20 ema on the hourly charts. Market gave a nice move but there was no follow through in the markets. The markets are holding on the higher levels which signifies there will be a break out trade in the coming days. Of the major trend the market has crossed and sustain above the 50% fibonacci level but it is unable to test 61.8% levels. On the 15 minute charts, the market tried to sustain the higher levels and in the second half it started trading below the 20 ema. Support :- 19780, 19730 Resistance :- 19840, 19900 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Finnifty weekly expiry for 17/10/23.Finnifty has been consolidating in a range for few days. It has formed a doji candle on the daily time and closed below the 20 ema. Indian markets have been consolidating in a range for few days. Break out or break down can give good targets. On the hourly charts, the market has given a bearish moving averages cross over. It took resistance from the 20 ema and closed below both the moving averages. The market can be a trending one this week as there is good consolidation going on in the market. Watch for the break out or break down in the market and trade with a Stop loss. On 15 minute time frame, the market has closed around both the moving averages. There is a positive sentiment on the smaller time frame. If the market starts trading above 19850, it can test 19950-20000 levels. Support :- 19740, 19680 Resistance :- 19860, 19960 In the second half the market has consolidated. Watch for a break out as tomorrow is a weekly expiry and market has given good consolidation. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
Banknifty daily analysis for 17/10/23.Banknifty is still trading below the 20 ema and has formed another doji candle at the day close. It has given a nice move both side. In the opening it tested the lower levels and also tested the higher levels. On the hourly charts, the market tested the 20 ema, facing resistance from the levels and closed almost flat. Ongoing market is for the option seller as there is time decay whole in option premiums. On 15 minutes charts, the market has closed below both the moving averages. Support :- 44190, 44060, 43860 Resistance :- 44560, 44740 Banknifty is volatile and there are chances of a trending move in the market. There is a good consolidation going on in the market a powerful break out or break down is about to be seen. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 17/10/23.Nifty on the daily charts has formed an inside candle and closed flat forming a doji candle. It consolidated in a narrow range of 60 points after the first hour candle. There were no movement in the index. On the hourly charts, nifty traded around the 20 ema and closed between both the moving averages. Markets are not giving any option buying opportunity in the market. It is consolidating and moving in a sideways trend after gap up or gap down opening. The closing range of the market is getting smaller and a trending move can be seen in the coming days. Support :- 19720, 19670 Resistance :- 19780, 19840 Nifty has not given a significant move in recent which is a good thing for a powerful break out or break down. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty weekly analysis for 16/10/23.Banknifty on the weekly time frame has given a doji candle and has closed almost flat below the 20 ema. On the daily charts, market has formed a gravestone doji candle and closed below the 20 ema after taking a resistance from the level. It is showing some negative build up on the intraday front and is consolidating on the higher time frame. Banknifty has been closing in a narrow range and is facing a serious resistance from 44740 level. On the hourly time frame, during the last trading session, it has formed a tweezer top or bearish engulfing candle. There are chance of banknifty testing the low again. Banknifty is consolidating around the recent low and if the low is broken there are chances of fear selling. The global consents are negative and the ongoing Israel Palestine war may also contribute to the sell off. Major Support :- 43820-850 Resistance :- 44740 For intraday trading levels. Support :- 44190, 44060, 43860 Resistance :- 44560, 44740 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly analysis for 16/10/23.Nifty on the weeekly charyts has given a nice bullish candle and has closed around 100 points higher. After the gap up opening on Monday due to the international news it recovered and took support from 50% fibonacci level. It is holding the higher levels but is still trading below the major resistance level of 19900. On the daily charts, there are gap up and gap down and nifty has closed above the 20 ema. No clear view is there in the market. Less option buying opportunities are there. Last 2-3 weeks has been for option seller as it is trading in a range. The markets have consolidated and a break out/down can be seen with a proper follow through in the markets. On the hourly charts, it took support around the 200 ema and closed between both the moving averages. Nifty consolidated for 2 days in a range and took the opportunity as it opened gap down. Major Support :- 19250-300 Resistance :- 19840-900 For intraday trading levels. Support :- 19730, 19670, 19580 Resistance :- 19780, 19840 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
BHEL ltd,.; min 30% Return ; right time to investFundamentally good stock, For long term investment. . . Entry: 102 target: 104 -119 - 130 sl: 97 major stoploss/ support: 87 . Enter only after breaking & close above " Yellow box" mentioned. Or else wait for some time. ' ;good for long term investment. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . refer old ideas attached below
NSE:BHELLong
by TheNuraTrading
3
Banknifty daily analysis for 13/10/23.Banknifty on the daily time frame has formed an inside candle. It has closed above the 20 ema on the daily charts. On the hourly charts, the market has remained in the first hour candle and closed just between both the moving averages and the moving averages are close enough. The market has consolidated whole day and closed only 82 points higher killing option buyers. There is a sideway cycle in the market and there are less opportunity for the option buyers. On 15 minutes charts, the market has closed between both the moving averages and has closed around the 20 ema. Support :- 44450, 44340 Resistance :- 44740, 44970 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 13/10/23.What a weekly expiry this has been? Nifty on the weekly expiry remained a 50-60 points range and closed 19 points lower. On the hourly charts, the market remained in the first hour candle and closed above both the moving averages. Today expiry was for option seller and total time decay was the gain as there was no opportunity for the option buyer. On 15 minutes charts, it traded around the 20 ema and closed just below the levels. Support :- 19770, 19720 Resistance :- 19840, 19900 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 12/10/23.Banknifty today tested 44700 level after a gap up opening and came down lossing the gain and closing only 156 points higher. It took a good support around 44500 levels and closed just around the levels. Again, there a doji formation on the higher levels and it is unable to close above 20 ema on the daily charts. On the hourly charts, after a first hour volatile movement it remained in a 100 points range, closing between both the moving averages. A minor resistance is there around 44550 level and it is taking support from the 20 ema. Support :- 44450, 44340 Resistance :- 44740, 44970 Today's weekly expiry remained silent and the markets remained volatile. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly expiry analysis for 12/10/23.Nifty held on to the higher levels while banknifty gave away the points after a gap up opening. It gained some points after a gap up opening and consolidated after the first hour move in a 50 points range whole day. There is a bullish moving averages cross over, on the hourly charts, closing above both the moving averages. On 15 minutes time frame, market took support from the 20 ema and has closed above it. Tomorrow is nifty weekly expiry and it has closed around higher levels. There are chance of another gap up as the closing suggest. Support :- 19770, 19720 Resistance :- 19840, 19900 Nifty is showing positive sentiment in Indian market and can retest the recent high in coming weeks. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 10/10/23.Banknifty has closed more than 1% lower on the daily charts but it took support around the major support levls of 43800. The market remained in a first hour candle and has closed below both the moving averages on the hourly chart. There are chance of a trending market as there is weekly expiry of another finance index. For last 2 weeks there were no trend expiry of the 2 finance indices. So there is much possibility of market giving a trend move. On 15 minutes charts, it has closed below both the moving averages. 20 ema is providing market a resistance and it has been retested. The RSI indicator is showing a bullish divergence. The Indian market are strong but due to the global news there was a gap down opening. Support :- 43840, 43740, 43480 Resistance :- 44120, 44250 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Finnifty weekly expiry analysis for 10/10/23.Finnifty has closed more than 1.1% lower on the daily charts but it took support around the major support levls of 43800. There are chance of a trending market as it is weekly expiry of finance index. For last 2 weeks there were no trend expiry of the 2 finance indices. So there is much possibility of market giving a trend move. On 15 minutes charts, it has closed below both the moving averages. 20 ema is providing market a resistance and it has been retested. The RSI indicator is showing a bullish divergence. The Indian market are strong but due to the global news there was a gap down opening. Support :- 19560, 19450 Resistance :- 19670, 19740 Watch for the time decay in the option premium as weekly expiry will eat way premium on the buyer side. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
Nifty daily analysis for 10/10/23.Nifty after a gap down opening due to the global cues remained in a narrow range and closed 140 points lower taking support around 19500 levels. On the daily charts, it has formed a doji candle and is still trading below the 20 ema. On the hourly charts, market opened below both the moving averages and tested the 20 ema. It took resistance from the levels and closed around day's close. The market reacted to the international news and after a gap down tried to regain some points. Nifty remained stronger than the other index. Market trend is still indecided and there is no opportunity of a positional trend follower. There is a bearish moving averages cross over, on 15 minutes charts, and it has retested the 20 ema. Support :- 19500, 19350 Resistance :- 19575, 19730-50 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade