Mambotrade

Mambotrade

Banknifty on the daily time frame has given another doji and the market are still jittery and confusing. On the hourly time frame, the market is still not holding above the level of 41600. The market is taking support from its 200 ema on 15 minute time frame and trading between both EMAs. Support :- 41180, 41000, 40840 Resistance :- 41290, 41440 The market is...

Mambotrade

Nifty on the daily time frame has formed another doji. It has tested its 20 DMA and regained and sustained the support of 17710. On the daily time frame, the market has closed below its 20 ema and in the second half of the trading session the market sold off. The market is still not showing any sure trend and on the 15 minute time frame, there is bearish moving...

Mambotrade

Banknifty is taking resistance from the upper levels and is not holding to the levels. It has formed a doji on the daily closing. Though, it is trading above the 20 ema on the hourly time frame but its not closing above the 41500 levels. Banknifty lost its initial gains in the second half of the trading session and closed below the 20 ema on the smaller time...

Mambotrade

Nifty on the daily time frame has formed a spinning top doji. The market has respected our levels and after touching 17920 level the market retraced On the hourly time frame, the market has settle around its 20 ema. Market is not sustaining above the 17900 levels. The market opened around the 200 ema on 15 minute time frame and gained momentum in the first...

Mambotrade

Banknifty has formed another doji on the daily time frame. The market after the initial push has consolidated. It is respecting a trend line and a flag and pole pattern is formed on the hourly time frame, On 15 minute time frame, banknifty traded around its 20 ema and closed around it. support :- 40850, 40660 Resistance :- 41000, 41180 The market remained...

Mambotrade

Nifty on the daily time frame has formed a doji. The market has taken a nice support from its 200 ema on the hourly time frame The market after the initial push remain in a sideways mode and consolidated in a box. On the 15 minute time frame, the market traded around its 20 ema. Support :- 17480, 17380 Resistance :- 17660, 17640, 17710 The market remained in a...

Mambotrade

Banknifty on the weekly time frame has formed a double top pattern and a spinning top doji candle. The market has closed 400 points lower after forming a new ATH. on the hourly time frame, banknifty has closed below its 20 ema and 41000 levels. Still the banking index seems to be strong as compare to the nifty index. Banknifty has given a nice recovery in the...

Mambotrade

Nifty on the weekly time frame looks bearish as it has formed a bearish engulfing candle and is unable to close above the level of 18000. On the daily time frame, the market has closed below its 20 ema and closed between both EMAs. The market has travelled lower after opening gap down and has crossed the 200 ema. The market on friday has remained in a down trend...

Mambotrade

Hero Moto corp has given a break down of a triangular consolidation and also closed below its 20 DMA, Though, its taking support from its weekly 200 ema. Tomorrow, if the stock on an hourly time frame closes below 2774 levels, a short traded can be initaited. Targets :- 2735, 2692 Stop loss :- 2775 The markets are retracing and the stock if closes below 2730...

Mambotrade

Motherson sumi has been consolidating in a triangle pattern from the month of April and is respecting the trend line on daily time frame. It is trading around its 20 DMA. The volume indicator is showing decrease in volumes. On weekly analysis, the stock is taking a resistance from its 200 ema and both the moving averages are close enough. If the stock breaks...

Mambotrade

Banknifty has touched is ATH but couldn't sustain the level. Banknifty is still strong as compare to nifty. It has given a red candle but lost only 200 points on day closing. It is trading above its 20 ema on hourly time frame and taking support around 41200 levels. On 15 minute time frame, the market has closed below its 20 ema. Banknifty has given a down side...

Mambotrade

Nifty for the last 3 trading session has been testing the level of 18100 and huge sell off came today in the first half of the trading session. The market was unable to hold the support of 20 ema on hourly time frame and closed below it. On 15 minute analysis, the market has broken the 20 ema and took support from 200 ema. Nifty has closed below 17900 and closed...

Mambotrade

Banknifty after a gap down of 500 points has given a nice up move of around 1200-1300 points. An intraday rally of 1000+ points has now been a trending market. The market has given only on red candle on the hourly time frame and that too in the last hour of the day. There is an engulfing bullish candle on the daily time frame and the markets can give another...

Mambotrade

Banknifty after 2 days of consolidation has given a gap up above the resistance level of 40700 The market in the second half has given a nice up move. On the hourly time frame, the market has closed above 40850 level. The market on the 15 minute time frame has taken a nice support from its 20 ema. Support :- 40670, 40550-70 Resistance :- 41000, 41290 The...

Mambotrade

After 2 days of consolidation the nifty has given a break away gap above 18000. The market has gained 130 points forming a doji candle on daily time frame and sustained above the levels. Nifty has consolidated in a parallel channel whole day. The market on the 15 minute time frame has respected its 20 ema and has closed above it. Support :- 18060, 18030,...

Mambotrade

Banknifty has given another doji on the daily time frame and an inside candle is there. The market has remained in a 100 point range whole day and consolidation after a nice push is a good thing for next trending market. On 15 minute time frame, the market has closed below the 20 ema. Support :- 40570, 40250, 40050 Resistance :- 40660,40850 A nice trending...

Mambotrade

Nifty has been taking resistance near the round number resistance of 18000. After a gap up opening the market hasn't moved much and consolidated in 50-60 points range. The market after a nice push has consolidated and if the markets consolidates for one more day, a nice trending market can be there. On 15 minute time frame, the market has closed just below the...

Mambotrade

Banknifty on the weekly time frame has given a nice up move and gained 2.5%. There is a nice doji candle on the daily time frame. The market in the second half consolidated and has closed 200 points higher. On 15 minute time frame, has closed below the 20 ema. Support :- 40250, 40050 Resistance :- 40570, 40850 Banknifty has closed above 40k on the weekly...