TheMamboMomentum

TheMamboMomentum

Nifty on the weekly time frame, has given a neutral doji and closed gaining 100 points. The index has taken a good support around 17800 levels and during the last trading session closed near 17950 leves. Though the market has been trading between both the moving averages, on daily charts but there is some positivity in the weekly close. On the hourly charts,...

TheMamboMomentum

Banknifty on the weekly charts has formed a doji and has respected the weekly fib levels too. The market remained for selling whole week and in the last session closed gaining 290 points. The market for 3 days has been forming dragon fly dojis but still trading below 20 DMA. On the hourly charts, the market has crossed the 20 ema and closed between both the...

TheMamboMomentum

Banknifty has given 2 dragon fly dojis and if the market start trading above 42300 levels, nice movement can be captured. The market on the hourly time frame, has closed below 61.8% fibonacci level but between both the moving averages. The market took support around the 41750 levels and closed near 42100 losing 150 points. On the 15 minutes chart, market gave...

TheMamboMomentum

Nifty on the daily time frame has given another doji after retesting the support level of 17800. The market has tested the weekly 50% fib level(i.e. 17820) many times. Tomorrow if the market closed below it, on weekly time frame it will close below fib level and test 17660 levels. On the hourly time frame the market, remained volatile closed near the resistance...

TheMamboMomentum

Banknifty remained strong and closed 200 points higher around 42200 levels. From the initail hour the index consolidated and remained in a 200 points range forming flag and pole on smaller time frame. The market, on the hourly time frame, took resistance from 20 ema and closed near the moving average and resistance zone. On the 15 minutes chart, banknifty...

TheMamboMomentum

The market consolidated whole after the initial up move and formed a doji on the daily basis. On the hourly chart, the market took resistance from the 20 ema and closing flat near the support of 17880. There was a huge volatility and traded in a 50 points range in the second half making trouble for the option buyers. On the 15 minutes chart, the market traded...

TheMamboMomentum

Banknifty has formed a nice bearish trend on the daily charts. And if the market breaks below 42920, it can test 41650 levels. On the hourly charts, the market respected the 41900 levels and closed above 42k level. It closed below both the moving averages. There is a bearish moving average cross over and market started trading below the previous day low. On 15...

TheMamboMomentum

A nice break down in the Nifty and started trading below the previous low. The market has been trading below the moving average and is trading in a range. On the hourly time frame, the market took support near 17880 and recovered and closed above 17900 levels, dropping 1%. Market has been consolidating in 250 points range. If the markets break below 17800...

TheMamboMomentum

Banknifty has given a nice move even after the gap up and touched the resistance zone making a high around 42700 level. The market after the gap up remained in a 400 point range and took support from the levels closing 390 points above the previous closing. On the hourly chart, the market has traded around the 20 ema and closed between both the moving...

TheMamboMomentum

After a 3 day consecutive red candles, Market has given a green candle gaining more than 240 points and closing near 18100 level. The market took a rejection from the resistance of 18130 and if the market again crosses above the level. The market can hit the target of 18250. On the hourly time frame, the market tested the 18130 level in the first half and came...

TheMamboMomentum

Banknifty lost around 800 points in this week and closed near 42k levels. Though the index has been trading above the 20 ema but it is forming a bearish pattern on smaller time frame. Banknifty has tested the 38.2% fib level on the weekly charts and if it breaks below it, it can test lower levels. The market on the daily time frame, has closed below the 20 ema...

TheMamboMomentum

Nifty on the weekly time frame has formed an inside candle and closed around 20 ema. The market has been trading in a range for 3 weeks and a trending market can be expected once the high or low of the previous candle is broken. On the daily time frame, the market has tested the 17800 level twice and took support from it closing around 17860. The market is...

TheMamboMomentum

Banknifty has started closing below the 20 Dma and today it tested 42300 levels. Though, in the last hour the markets regained some momentum and closed around 42600. The market has been trending down and there are resistances created on the higher levels that will oppose an up move. On the hourly time frame, the moving averages are close enough and a bearish...

TheMamboMomentum

Nifty has closed near the crucial level of 18k and has tested 17900 level today. Market remained in a bearish mode and formed a beautiful lower high lower low pattern. On the hourly time frame, the market couldn't cross the 20 ema and traded below the moving averages. The market has respected the 20 ema, 15 minute charts, and took rejection from it. In the...

TheMamboMomentum

Banknifty on the daily time frame has closed near the 20 ema and took support around 42850. On the hourly time frame, the markets are looking in a bearish mode. The market can consolidate in the first half and give a nice movement in the second half due to weekly expiry. The market on the hourly time frame, has closed near the 200 ema and took resistance from...

TheMamboMomentum

A nice trending market was there. Nifty has closed 190 lower and the volume of today are higher. The market can consolidate in the first half and move in the second half. If the markets start trading below 18k levels and sustain below the level, it can test the recent low of 17800. There is a bearish moving averages cross over, on 15 minutes and a rejection of...

TheMamboMomentum

Banknifty whole day traded inside the mother candle and during the closing hours gave a nice closing forming a Bullish Marubozu candle. On the hourly chart, an inverted head and shoulder formation is there and if it give a break out banknifty can test new highs in this series. On the smaller time frame, the market traded near the 20 ema and closed around a...

TheMamboMomentum

Nifty is facing resistance from the 200 ema and if market start trading above the level, good momentum can be seen. The market has been trading between both the moving averages and has closed near the 200 ema on hourly chart. Indian market has closed near good level and if global cues remain positive market can se a bullish trend and other the side it can give...