TheMamboMomentum

TheMamboMomentum

Nifty has given a nice bullish candle on the daily closing and gain 150 points. The market has closed near a resistance zone and if the market crosses and sustain above the levels, bullish trades can be initiated. On the hourly time frame, market has closed between both the moving averages. After the initial up move the market has consolidated and nice trending...

TheMamboMomentum

Banknifty has closed above the 20 ema on weekly charts and formed a nice bullish candle giving 2.85% movement. The market has given a nice move. But is still trading between both the moving averages on daily charts. The daily candle is showing some positivity in the index. The market touched the 42k level and reversed, if the market closed above the level this...

TheMamboMomentum

Nifty on the weekly time frame has taken resistance from 61.8% fibonacci levels and closed near the 20 ema. The market has showed some recovery from the lower levels and has given a nice candle. On the daily time frame, the market has taken support from the 200 ema and closed near the 20 ema. There is dragon fly doji and if the market closed above the 17920...

TheMamboMomentum

Banknifty on the daily time frame has been testing the 200 ema and taking support from the levels. The market has formed an inside candle and closed near the resistance zone. On the hourly time frame, the market has closed between both the moving averages and consolidated whole day breaking the day high in the last hour. The market has taken nice support from...

TheMamboMomentum

Nifty is taking support from the 200 ema. It is testing the 200 ema and there is a buying happening near the level. The market has formed an inside candle and consolidated in a range whole day. On the hourly charts, nifty rremained in first hour candle and closed near the 20 ema. There was a bullish candle in the last hour of the session and being expiry market...

TheMamboMomentum

The budget day volatility has created a long wick doji and a big range of 600 points in nifty. The market has closed between both the moving averages. In the first half the market consolidated and has given both side move after the break out of the zone. On the hourly charts, the market has closed below both the moving averages. Nifty has closed almost flat and...

TheMamboMomentum

Market has given a huge doji candle swing between both the moving averages and closing 150 points lower. Being a volatile market, banknifty made a high of 42000 and after touching the level it break down to the lower level of 39500. In the first half of the session market remained silent and consolidated and there was a break out in the second half. On the...

TheMamboMomentum

Banknifty has formed a doji on the daily time frame and has closed gaining 270 points. The market took support from 40150 levels and from there continued to move up and closed at 40650. On the hourly time frame, the market has crossed and closed above the 20 ema. The market took resistance from 38.2% fibonacci level. The market has formed an inverted head and...

TheMamboMomentum

Nifty has given a nice closing near the resistance zone of 17680 giving a dragon fly doji on daily close. Tomorrow is Union Budget and there will be volatility. Market can give both side move once the union budget is over. Watch for a price action around 11:30-12:00 and trade accordingly. On the hourly time frame, the market remained in the first hour candle and...

TheMamboMomentum

Banknifty on the daily time frame has given doji. The market has tested the 200 ema and 39500 level is also tested in the second half of the trading session. There was huge volatility in the market and after a gap down the market gave a up side move and from low to high market covered 1100 points touching 40700 levels. On the hourly time frame, banknifty has...

TheMamboMomentum

Nifty has given a doji candle taking support from the 200 ema and has closed 40 point above. The market remained volatile and after a gap down regained touching 17700 levels and gain fell breaking the morning low but closed near the higher levels. On the hourly charts, the market has consolidated in the first half and gave both side move in the second half just...

TheMamboMomentum

The market after a consolidation zone has given a break down and has closed below 20 ema on the weekly time frame. The market consolidated for 4 weeks and has now shown some negativity. Nifty has taken support from 200 ema on the dialy time frame and closed near 17600 levels. Market can take a halt for 1-2 days and continue the fall possibly testing the 17k...

TheMamboMomentum

Banknifty gave a nice sell trades for intraday and swing traders. The market took resistance from 50% fibonnaci levels and fell 5% this week losing 2160 points. The market has closed below the 20 ema on the weekly charts and tested 40200 levels. There was a bearish moving averages cross over on hourly charts and the market remained for selling on the second...

TheMamboMomentum

The January session in over and we into February session. On the monthly expiry market gave nice momentum. The index closed nearly 225 points lower giving nice trending market and forming a bearish flag and pole pattern on hourly chart. During the first half, the market gave nice opporunity. Closing below 18k levels and consolidated thereafter. There is a...

TheMamboMomentum

There was a trending market in the last session giving nice profits in the sell side and banknifty lost more than 1000 points in a single day closing around 41650 levels. The market has closed below its 20 ema filling all the gap created in the recent time. A bearish moving average cross over is there on hourly charts and the RSI indicator is showing oversold...

TheMamboMomentum

Banknifty has formed an engulfing candle on closed 90 points lower taking support around 42650 levels. On the hourly time frame, the market took support from 20 ema and closed near previous day low. The market has closed above both the moving averages. The market is in consolidation cycle and option buying opporunities are less. Let the market decide the trend...

TheMamboMomentum

Nifty has taken a halt and closed flat giving a bearish candle. The market touched 18200 levels and took support from 18080 levels. On the hourly charts, the market seemed in confusion and closed near both the moving averages. The market is in consolidation. Gap ups are taking away trading opporunities and the sellers are making money in this zone. On 15...

TheMamboMomentum

Banknifty has given a close below it opening level forming a doji on day chart. The market couldn't cross above the 43k levels but is forming a higher high higher low formation showing some positive trend. There is a bullish moving averages cross over, on the hourly charts. The market closed gaining 300 points and crossing the 42700 levels. It is taking support...