TheMamboMomentum

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...

TheMamboMomentum

Nifty is still in the confusion as it has formed a doji candle today. The market took support around 20 ema and after touching the level market got up. On hourly chart, market tried to cross over the level of 18130 but couldn't sustain above it. The market took support from both the moving averages. SgxNifty is trading almost flat. Watch for it in the morning as...

TheMamboMomentum

Adani Ports has closed at a crucial level and the support zone around 775. On the weekly charts, the stock has closed below 20 ema and near 61.8% Fibonnaci level. There is a bearish moving average cross over on the daily time frame and has formed a gravestone doji. 3 points confirmation. a. Bearish cross over (daily charts). b. Close below 61.8% fib level. c....

TheMamboMomentum

Banknifty has formed an inside candle and a dragon fly doji on the weekly charts. It has been trading in a range and can give a trending market in the coming week. There is a doji on the daily charts as well which show a confusion in the market. Banknifty has closed near the 20 ema and support zone. On the hourly charts, the market has consolidated and closed...

TheMamboMomentum

Again nifty has formed a doji candle on the weekly charts. It is taking support from the 20 ema and 50% fibonacci levels. On the daily charts, there is a evening star pattern formation and the market has closed below the 20 Dma. The global markets have shown some recovery. Indian market is still in a confusion state and the trend in not certain. Let the market...

TheMamboMomentum

Banknifty remained in a volatile mode and traded in a range on just 250 points. It has been constantly facing resistance from the 20 ema and today also it tested the level. The market has formed an inside candle and closed 130 points lower. Banknifty is trading in a parallel channel and consolidating beautifully in the zone. On the hourly charts, the market...

TheMamboMomentum

Being weekly expiry the market remained sideways and there was option premium decay. The market has formed a doji and an inside candle on the daily time frame. It took support from the 20 ema and closed losing 50 points. In the second half the market consolidated and constantly tested the 200 ema of hourly charts and closed between both the moving...

TheMamboMomentum

Banknifty has been taking a rejection from the 20 DMA and today it also took resistance from the level. The market has taken support from the support level and formed a flag and pole pattern. On the hourly charts, the market has closed between both the moving averages. There is a bullish moving average crossover, on 15 minutes chart, and closed near the 20...

TheMamboMomentum

Nifty on the daily time frame has given a nice bullish candle and closed above the 20 ema. The market in the second half has consolidated and can give a nice trending market if it breaks out of the box. On the hourly chart, there is a flag and pole pattern and closed above both the moving averages. There is a RSI divergence, on 15 minutes chart, which shows...

TheMamboMomentum

Banknifty again tested the 42k levels and regained some points, giving a close around 42200 level. The market opened some points higher and took support from the hourly 20 ema. In the second half the support and moving average was broken and market tested the support level of 41950. Index has formed a doji and closed almost flat, just wiping off option...

TheMamboMomentum

Nifty on the daily time frame has given a green candle closing 150 points higher. The market has finally closed above 18k level and near 20 ema. On the hourly time frame, the market has closed between both the moving averages and has formed a higher high higher low pattern. The market in the last hour broke above the level and closed above it. If the market...

TheMamboMomentum

Banknifty for last 6 trading session in trading in 800 points range. The market is consolidating and a nice trend market can be on wednesday or thursday. The market has been taking resistance from 42700 levels constantly and if the market breaks above the level, 42900 level can be achieved in intraday movement. Today market has tested the 20 Dma and might test...

TheMamboMomentum

Nifty is taking a serious rejection from 18030 levels and today also Nifty tried to cross above the level but there was rejection from the first 15 minutes candle. The market took support around our levels of 17860-70 giving aa nice movement of 50-60 points and in the end closed near the support level. On the hourly charts, market has formed an inside candle and...