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Multiple Time Frame Analysis

Finnifty monthly expiry analysis for 26/09/23.Finnifty has formed and inside candle on the daily charts and is trading below the 20 ema. It is taking a rest after a 4-days fall. The market is around the 19850 levels after forming a double top pattern on the higher time frame. There is a bearish moving averages cross over, on the hourly charts. It has retested the 20 ema and is taking a serious resistance around the levels. Today, the market has consolidated and tomorrow being a monthly expiry there can be a trending move in the index. Finnifty traded around the 20 ema, on 15 minute time frama. Support :- 19730, 19550 Resistance :- 19920, 20030 Watch the option premium as tomorrow is monthly expiry for Finnifty. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
Finnifty weekly expiry analysis of 18/09/23.Finnifty is trading around the ATH higha and has closed near to the level. The weekly close is quite good for a bullish move as it has closed 393 point higher this week. It has shown a U-shape recovery on the weekly charts and it might take a halt before creating a new high. On the daily charts, it has closed 123 points higher and consolidated in a triangle. Tomorrow is it weekly expiry and there are possibilities of a trending move as the market has consolidated in last trading session. On 15 minute time frame, market took support from the 20 ema and closed around the level. There are supports near by and the market can reverse from the any support. It will be wise to keep smaller target on the bearish and bullish side. Market has stretched alot and there are possibility of market taking a halt or showing some sideways market as previous trading session. Support :- 20420, 20360 Resistance :- 20560, 20610, 20665(ATH) Watch for the option premiums as it is expiry tomorrow. If there is break out in the second half it can give good momentum in the premium as well as option charts. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
Banknifty weekly analysis for 18/09/23.After a nice upside momentum banknifty is now in a sideways trend and during the last trading session it has consolidated hitting 46300 levels. It is trading around the ATH and on the weekly charts there is a nice V-shape recovery for the markets. On the daily charts, there is a formation of a doji and has closed 230 points higher. Nifty has already crossed the ATH and is trading around the new high. Its time for banknifty to give a break out or take a halt and then give a break out. A good trading opportunity will be there if the markets consolidated and then give a break out as the market has already given a nice upside move. There is also a bearish RSI divergence on the daily charts which will not give much of a confidence in the bullish trade. On the hourly time frame, it has sustain above the moving averages and is still trading above it. If the market give a break down and close below the 20 ema there will be a chance of a momentum and hit a small target on the bearish side in a bullish market. Support :- 46080, 45860,45600 Resistance :- 46300, 46500(round number figure), 46830 (fib level) Banknifty is having good support on the lower side and it can reverse taking support from the support zone. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly analysis for 18/09/23.Nifty has given a nice marubozu candle on the weekly time frame with a good volumes. On the daily time frame, there is a RSI divergence and there is a good volume on the closing day. There was a gap up opening and it consolidated whole day taking resistance from 20200 levels and closed 89 points higher. On the hourly time frame, the market is still sustaining itself above the moving averages and took good support around 20150 levels. Nifty took support from the 20 ema, 15 minute charts, and has closed near the levels. The two closing candle are showing good volume and creating confusion as they have closed in red. Support :- 20140, 20110, 20060 Resistance :- 20200, 20310 The market are on the top and are stretched enought to give a retracement. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 15/09/23.Finally, banknifty has crossed 46k levels and has closed around it. Today the market was a bit volatile and remained sideways after an initial gap up opening. It tested 46100 levels and reversed making base around 45850 levels and consolidated in a 150-200 point range in the second half of the session. On the hourly charts, the market hasn't given a close above our resistance level and has closed above both the moving averages. Watch for the markets and it would be good to trade only a perfect setup as there are chance of market going in a sideways to volatile mode. On 15 minute charts, market consolidated and traded around the 20 ema and has closed just above it. Support :- 45850, 45620 Resistance :- 45070, 45300 Banknifty is still close to the recent high but nifty has already crossed and given a close near it ATH. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 15/09/23.Nifty consolidated on the weekly expiry after a movement in the opening hours. A doji candle has been formed on the ATH and after a nice upmove there will be a retracement or side ways market. It has closed around 20100 levels and there were no opportunities in the second half of the trading session. On the hourly charts, nifty tried to test the 20 ema but reversed before testing it. It traded in a range on 60-70 poinnts in the second half. The markets are losing strenght as there is a RSI divergence on the daily charts and even on the hourly charts there is a bearish divergence. Watch for a market and it would be wise to carry less quantities in bullish trades. On 15 minute time frame, after the initial profit booking market traded around the 20 ema and expired near the previous day close. Support :- 20060, 20020, 19950 Resistance :- 20110, 20200 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty weekly expiry analysis for 14/09/23.Nifty has formed an inside candle on the daily charts and has closed 76 points higher near the previous day high. It gave a bullish move and consolidated in the second half while banknifty kept on moving higher and higher. It is already trading near the ATH and tomorrow being a weekly expiry there can be a retracement on the chart. On the hourly charts, there was a nice support from 19940 levels and it tried to give a move after a consolidation period. During the initial hours the market was volatile and it traded around 15 minute's 20 ema. It has created a base around 19940 levels and has also taken support fromt the moving averages in the last hour. There are chance of market taking a halt as it has given a nice up move without any serious retracement. Support :- 20020, 19940 Resistance :- 20110, 20200 Nifty has travelled alot and is now being at the ATH its difficult for it to sustain longer without a retest. Watch for option premiums as it weekly expiry for nifty. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 14/09/23.Banknifty on the weekly expiry has given nice up move and formed a bullish engulfing candle. It almost touched 46k levels and has closed above 45900 levels. Nifty has formed an All time high and banknifty is looking forward to hits it's new ATH. The market formed a base around 45300 and gained up side momentum giving a 600+ point move from the day low. On the hourly charts, market took support from the 20 ema and moved in the upward direction. It took a halt in the last hour of the session. Banknifty is still looking bullish but the market has stretched way too much. If it hit trades around the ATH there will be more chances of profit booking or retracement. On 15 minute charts, it breached the 20 ema and came back strongly crushing and moving higher than the moving averages and hitting our targets. Support :- 45630, 45330 Resistance :- 46070, 46300 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade