TheMamboMomentum

TheMamboMomentum

Banknifty has taken a good support from 20 Dma and formed an inside candle. The market as predicted took a halt and nice targets on the either side can be captured in the coming days. On the hourly chart, the market took support form the moving average and closed gaining 200 points. There is a bullish moving average cross over. The market after a initial up...

TheMamboMomentum

The market has taken a halt and an inside candle has been formed. The market opened gap up and after initial up move consolidated in 40 points range. On the hourly chart, market took support from the 20 ema and closed near 18200 level. The market consolidated maximum time and on 15 minute chart, took support near 200 ema level. Support :- 18190, 18155,...

TheMamboMomentum

Banknifty is strong and has given a dragon fly doji on the monthly chart. The market has formed an inside candle and closed gaining 3% on weekly time frame. Even on the daily time frame, the market has formed an inside candle and took support from 20 ema. Banknifty has been respecting the support of moving averages and has closed near the 43k levels. Both the...

TheMamboMomentum

The new monthly session has began and the markets have shown some weakness on the monthly time frame as a bearish engulfing candle is formed. A serious rejection from 38.2% fib level on the weekly time frame is there. The market has taken a resistance from 20 DMA and closed around 18100 levels. On the hourly time frame, the market opened near the 200 ema and...

TheMamboMomentum

Banknifty is back in form and it giving nice trending moves. It has given a the New Year gifts to the traders in the last expiry of the year. The market closed gaining 1% or 425 points giving a bullish engulfing candle and closing above the 20 DMA. On the hourly time frame, the market has given a bullish moving average cross over and gained 390 points in the...

TheMamboMomentum

The final expiry on this year has given a New year gift to all the trading communities. Nifty has formed a bullish engulfing candle and closed near to 18200 level. It is still trading between both the moving averages and after a sell has recovered very quickly. On the hourly time frame, the market has given a 110 points move in the last trading hour and closed...

TheMamboMomentum

Banknifty has given a nice move and it taking a halt near the 43k level and 20 DMA. It has formed a gravestone doji after taking a resistance from the levels. Banknifty has given a nice up move but is taken a rejection near 61.8% fibonnaci level. On the hourly time frame, the market has taken a good support from the 200 ema and closed near the level. Though,...

TheMamboMomentum

Nifty has been constantly taking resistance from the golden ratio, forming a gravestone doji on the daily basis. The market today remain in a 100 point range and closed flat. Tomorrow, let the market show some clear trend and watch for the option premium as it is last expiry of 2022. On the hourly time frame, the market has traded near the 20 ema and closed...

TheMamboMomentum

Nifty has given a dragon fly doji on the daily time frame and has closed near 50% fibonnaci level. The market has taken a support from 200 ema and gained a nice momentum. Nifty has been lagging behind the other index. On the hourly time frame, the index has started trading above the 20 ema and closed between both the moving averages. On 15 minute time frame,...

TheMamboMomentum

Banknifty on the daily time frame has given a dragon fly doji and still showing some confusion. It has closed near the 20 ema but above the 0.618 fib level. The indice is forming a cup and handle formation, on the hourly time frame, giving close above both the moving averages. The market has given a W-pattern but has closed near the resistance level. Support :-...

TheMamboMomentum

Banknifty has given a bullish closing above 42500 levels gaining 950 points. The index took a rejection from 20 DMA and hourly 200 moving average. On the hourly time frame, the market remained in the bull move and gave nice target for moving average strategy. Even on the smaller time frame i.e. 15 minute, the market has given the targets. Support :- 42550,...

TheMamboMomentum

Nifty has given a bullish engulfing candle and closed gaining 200 points. The market gained momentum in the initial hours and formed a flag and pole pattern on the hourly charts. It took a resistance from the 20 ema and closed near to the levels. On 15 minute time frame, the market has given a break out of the level and moving average and retested the 20...

TheMamboMomentum

Banknifty is still stronger than the other index and and give a close below 42k level. The market lost 1500+ points or 3.5% in a week On the daily time frame, the market has given a inverted hammer candle and lost 700+ points on 2 consecutive days. There is a bearish moving averages cross over, on the hourly time frame. The market has created small range...

TheMamboMomentum

Nifty has closed near to the 20 ema on weekly time frame and has lost 2.5% in a week. The market has given quick and steady retracement after the new ATH. The market has tested the 17800 levels and took support around it. If the market remain bearish, nifty can test the 17k levels soon. On 4 hour time frame, the market is resting at its 200 ema and is it...

TheMamboMomentum

Nifty has been trading below 20 DMA and has tested 18100 levels. The index has taken a support from 38.6% fibonnaci levels and has closed above it. On the hourly time frame, the market is retested the 20 ema at the opening and there was a sell off taking support around 18100 levels. There is a sell off in the market and closed below both the moving averages, on...

TheMamboMomentum

Banknifty on the daily time frame has starting closing below 20 ema and closed 200 points lower. There is a bearish moving average crossover on hourly time frame and took support around 42200. Global market showed some strenght but Indian markets were on the other side. On 15 minute time frame, the market tried to cross the 20 ema but couldn't sustain above...

TheMamboMomentum

Nifty on the daily time frame has given a bearish engulfing candle engulfing three previous candles and closed 186 points lower. The market has finally shown some momentum after a long time and the selling was there from the opening itself. On the hourly time frame, there is a bearish moving averages cross over and a nice trending market was seen today. Not a...

TheMamboMomentum

Banknifty on the daily time frame has given a bearish engulfing candle and closed 740 points lower breaking the 20 ema. The market has finally shown some momentum after a long time and the selling was there from the opening itself. On the hourly time frame, the market broke the 200 ema, gave a retest and closed below both the moving averages. The global market...