TheMamboMomentum

TheMamboMomentum

Banknifty has given a "V" shape recovery, but still closed on the red side losing 180 points. The global markets are negative and crypto to are trading in red this week. Index opening below 20 ema, on hourly time frame, and took resistance and touched a low of 41300 level. On 15 minute time frame, the markets came for recovery after taking support from the 200...

TheMamboMomentum

The market on the daily time frame has given a doji candle and closed 128 points, creating volatility. Nifty from yesterday was in a downtrend, making lower highs and lower lows. Even after the gap down the markets remained for selling. On the hourly time frame, the market in the last hour has given some recovery and closed above 18000 level. There was a...

TheMamboMomentum

Nifty after a gap up remained for selling and closed 45 points lower. The markets are still volatile as its unable to closing convincingly above the 18200 level. There is a downtrend formation on the hourly time frame, and markets have closed below the 20 ema. Even on the smaller time frame, the markets have taken resistance from the moving average and closed...

TheMamboMomentum

Banknifty on the daily time frame has again given a hanging man doji. The markets are still indecisive. The markets are unable to carry on the trend and momentum can be seen tomorrow as there is weekly expiry. On the hourly time frame, the market tested today's opening price and there was a nice sell off during the last hour. There was a support from 20 ema on...

TheMamboMomentum

The global markets are showing some positivity and hope that Indian market too will show a gap up opening. SGX nifty is trading around 18400 levels and there is a possibilty to make new ATH. Nifty on the daily time frame has given a dragon fly doji and closed above 18200 levels. In the last trading session the market has filled a gap and on the hourly time...

TheMamboMomentum

Finally, Banknifty on the daily time frame has good bullish closing above the previous close. And has formed a bullish hanging man candle on daily time frame. Dow has given a nice break out above the 33000 level and Sgx nifty is around 18400 which shows that Indian market will show a gap up opening. Banknifty can make a New ATH in the opening. On the hourly...

TheMamboMomentum

Banknifty on the weekly time frame has formed a neutral doji and still trading in the same range. For last 11 days, banknifty has been trading in a range of 40800-41500. Index has been consolidating and on the last trading session banknifty has consolidated near the 20 ema on hourly time frame. Markets has consolidated for 2 weeks in a range and remained in a...

TheMamboMomentum

Nifty on the weekly time frame, has closed above the resistance level of 17900-18000. The markets has retested the support level of 38.2% fib level and given a nice move. On the hourly time frame, the market consolidated and a nice movement was there during the closing hour of the session. Nifty traded around its 20 ema and finally closed above it. Even on the...

TheMamboMomentum

Nifty on the daily time frame has closed flat. Though there was a huge gap down opening. A nice up move was there initially but markets consolidated in the remaining session. Market, on 15 minute chart analysis, took resistance from 20 ema and closed near to the level. Support :- 18000, 17950, 17900 Resistance :- 18050, 18090, 18160-70 Nifty is near the recent...

TheMamboMomentum

A nice up move after a gap down due to the global news and again respected the support of 40850. Banknifty, on the daily time frame, gave a nice up move and consolidated whole day on an expiry day. The market traded whole day near the 20 ema. The market has remained in a range of 200 points whole and closed 150 points up. On 15 minute time frame, the market has...

TheMamboMomentum

Banknifty on the daily time frame has been trading in a range for 7 days. Market is halting in on the higher levels. There was a sell off from the initial trading hour and closed below 20 ema on hourly chart analysis. The market has taken a nice resistance from 41450 levels and on 15 minute time frame market has closed between both the moving...

TheMamboMomentum

Nifty today has taken a halt on the high level. Sgx nifty currently is trading flat. The market opened near yesterday’s high and came for selling from the initial hour. Nifty is holding the level of 18070. It closed just 60 points lower. On 15 minute time frame, the market crossed 20 ema and took resistance from the level. Support:- 18000-20, 17950,...

TheMamboMomentum

Banknifty on the daily time frame has formed a bearish candle and closed almost flat on day to day close. There was a nice gap up opening and markets tried to push upward but there was a sell off after taking resistance from 41650-730 zone. The market has taken support from hourly 20 ema and closed near to the level. On 15 minute time frame, the market has...

TheMamboMomentum

Nifty on the higher levels has formed a neutral dojo. Both the indices created confusion as they traded in different directions. It’s has closed 130 points higher but still trading around the level of 18150. On hourly time frame, the markets remained above 18k level and regained points in the second half after a sell off. On 15 minute time frame, the market...

TheMamboMomentum

Banknifty on the daily time frame has form an inside candle and a dragon fly doji. The market traded in a narrow range. After a gap up, there was drip and market regained point to today’s high. Nifty has crossed above 18k and Banknifty is also around its ATH. Both the indices can create new highs in the coming month. On 15 minute time frame, the market has...

TheMamboMomentum

Nifty has given a nice bullish candle on daily time frame and crossed over 18k. Nifty remained strong and there was a nice up move in the last hour gaining 225 points in the whole trading session. On 15 minute time frame, the market has formed a higher high formation. Support:- 17950, 17915, 17835 Resistance:- 18000-20, 18080, 18140 Wait for the price action...

TheMamboMomentum

Nifty on the daily time frame has given a dragon fly doji and has formed an inside candle. The market remained volatile and during the second half of the trading session the market has gained some points. On the hourly time frame, the market tested the 20 ema and there was a nice up move. Nifty remained in a downtrend whole day and during the last hour market...

TheMamboMomentum

Banknifty on the daily time frame has given an inside candle and after the gap up there was a sell off. Even on the expiry day, banknifty consolidated in the second half of the trading session. The market has tested the 41350 level many times and has closed above 41300 level and 20 ema on 15 minute time frame. November session has begun and till now in October...