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Market has given a nice movement and for two days it remained in a range but is volatile. There are chance of market either follow the bearish trend or form a 'W' pattern. Nifty has closed around crucial levels from where it can either reverse the trend or continue falling. Major support level :- 24760, 24600 Resistance level :- 25210, 25480 The weekly...

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Banknifty weekly expiry can be seen taking market towards another round number figure of 52500 levels. There was a good bearish movement on the daily charts, market closed 850 points lower. Chance of a follow through can be seen as both the index are moving in tandem. Watch banknifty breaching 52780 levels as there will be double support break down. Major...

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Coal India has been trading in a parallel channel from Feb 2024 and the range has been broken and closing below it has been given on the daily and weekly basis. The stock is trading around a support zone of 480-485. It is trading around the 100 ema levels on the daily charts and closed below 20 ema on weekly charts. Entry in a bearish trade can be made once the...

Mambotrade

Banknifty is trading below the 50k levels and the weekly bearish engulfing candle signifies some bearishness coming. The market has reversed from 50% fib levels and the pattern formation is also negative. Index seems to give a follow through candle in the same direction as it has been trading silently for past few days. Major levels :-50400, 49940, 49670 If...

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The index after a long time has given some momentum on intraday basis and closed below the psycological number of 25k. A bearish engulfing candle on the weekly time frames shows some weakness on the charts. If the market starts trading below the 24800 levels, there are chances of testing lower levels. Hourly 200 ema is also around the support zone, while the...

Mambotrade

Banknifty has been lagging behind and is still 1500-1700 points lower from its all time high. The market in the final hour has given a nice upside rally and closed above the round number levels and the resistance zone. An engulfing candle is formed on the daily charts and tomorrow is weekly expiry in the index. If there is a gap up opening there are chances of...

Mambotrade

Finnifty has been trading in a rising wedge pattern and is trading around the resistance zone of 23800. For a while the market is being good for option seller and hitting option buyer hard. If the trend changes and market starts trading below 23680, a bearish trade can be entered with previous supports as targets. In case the market give a break out of the...

Mambotrade

Market slow and steadily is trading in a upward direction but intraday momentum is in a sideways direction. After the initial 1 hour candle, the market has trading in a 40-50 points range and eaten away option premiums. Tomorrow is the monthly expiry for the index and there are chances of a trending move as the markets has been trading in a range for last 3-4...

Mambotrade

Nifty is stuck in a range and has slowly recovered after a retest. Yet there were no opportunities for option buyers this week. If the market breaks out of the range, there are high chance of a fake out, as it has been rallying for last few days. Small quantities can be traded in a bullish trade. In case of break down, a good profit booking rally can be...

Mambotrade

Banknifty trading in a range on the dialy charts and is around the resistance levels. A dynamic support around the 100 ema (daily) and 20 ema (weekly) is there. There are chances of BN recovering and test the high as nifty is only 200 points short of the ATH. In a bullish trade there is a huge gap to cover for banknifty. Major resistance levels :- 51130, 51540,...

Mambotrade

Banknfity has given a nice move on the upper side clearing the resistance zone of 50800 but reversed after testing the round levels of 51k. The markets were looking bullish from the morning and even in the second half. The last hour selling has created a confusion about the market movement for tomorrow. It has been respecting the resistance trendline and...

Mambotrade

A flag and pole pattern formation is there on the charts. While market is trading around the resistance zone of the range. If there is a break out of the Flag, wait for the market to clear the resistance levels. A scalp can be made for small targets but intraday position should be initiated only once the upper levels are cleared. Moving average gate is being...

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FinNifty is constantly testing the 20 ema and today also, it opened above the moving average but couldn't sustain the levels and closed below it. It has been trading in a range and is around the upper levels of the range. If there is a gap up opening around 23000 levels, there are chance of market reacting to the round number levels. And bullish entry can only be...

Mambotrade

Banknifty has closed below the 50k mark and is looking bearish on the daily charts. It is trading around the 100 ema on daily time frame, which shows some bearishness in the markets. If the market starts trading below today's low, there are chances of it testing the recent low around 49650. MA strategy and the price action both are signifying some bearish...

Mambotrade

Nifty is trading in a parallel channel and is around the support trendline. From the last week sell the markets recovered and are now again around the lower levels. Daily 20 ema has been creating a resistance for the market and a good rejection is seen from that level. Even on the smaller time frame, market is trading below the moving averages, which signifies a...

Mambotrade

FinNifty is trading around the round number figure of 23k and has taken resistance from 61.8% fib levels. There is a down trend confirmation in the market and sell on rise is the market cycle. For last two trading sessions market has been trading between 20 and 50 ema. If market starts trading below 22800 levels, 22600 shorting target can be achieved and...

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Finnifty on the daily chart has given a nice fall of 600 points after a gap down opening. The index has taken support from 38.2% levels and retested the previous support zone (now acting as resistance zone during the closing hour). If there is a gap down opening below today's low, wait for market to recover and tilt again for the entry. In case of a gap up...

Mambotrade

Banknifty prior to the budget day closed flat and there are chances of a trending market owing to the news. On the hourly charts, the market has consolidation after the first hour candle. Consolidation is good to make the break out/ down to travel. Market is trading around the 20 ema and above 200 ema. If the market break below the moving average, trade using MA...