TheMamboMomentum

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...

TheMamboMomentum

Banknifty on the daily time frame has tested the 20 ema and hasn't closed below it. There is a dragon fly doji on daily time frame and 55 points lower. On the hourly time frame, the market tested 43000 level and in the closing hour of the session gave a nice bullish candle closing above both the moving averages. The market, on the 15 minute time frame, has...

TheMamboMomentum

After a initial gap down the market break down to 18200 and gained back forming a dragon fly doji giving close only 35 lower. On the hourly time frame, the market gained some momentum closing above both the moving averages. The market has given nice closing and if the market start trading above 18420 it can give nice movement up to 18500 level. On 15 minute...

TheMamboMomentum

Banknifty on the daily time frame has given a dragon fly doji and on the smaller time frame there is a cup and handle pattern. The market has closed near the resistance zone and 20 ema on hourly time frame. Banknifty has tested the 43440 levels many times and if the market start trading above this level, it can test recent highs. On 15 minute time frame, the...

TheMamboMomentum

Nifty is showing some signs of recovery and has formed a strong bullish candle. The market has closed above 18400 level and on the hourly time frame, the market has closed above both the moving averages. Candle has closed near 38.2% fibonnaci level. If the market sustains above 50% fib level i.e. 18520 level the market can go to the recent high. On 15 minute...

TheMamboMomentum

Nifty on the weekly time frame has given a gravestone doji losing 220 points. The markets, on the daily time frame has closed below 20 ema and has tested the ultimate level of 18250. On the hourly time frame, market has closed below both the moving averages and there is possibility of a bearish moving averages crossover. The market has given a nice...

TheMamboMomentum

Banknifty on the weekly time frame has given a gravestone doji and closed below 43500 levels. The markets has been in a bull move and this can be a retracement before another bull leg. On the daily time frame, the marekt has tested its 20 ema and closed above it. As per the Fibonnaci retracement levels, Banknifty can test 41500 level i.e. 38.6% levels. The...