TheMamboMomentum

TheMamboMomentum

Nifty after an initial gap down tried to rally and took resistance from its 20EMA. The market closed around its hourly 20 ema and the support level of 15780. Nifty remained in an up trend and crossed the resistance levels. In the final hour of the trading session the market pulled back around 70-80 points. On a smaller time frame the market is stuck between its...

TheMamboMomentum

Nifty after an initial gap down tried to rally and took resistance from its 20EMA. The market closed around its hourly 20 ema and the support level of 15780. Nifty remained in an up trend and crossed the resistance levels. In the final hour of the trading session the market pulled back around 70-80 points. On a smaller time frame the market is stuck between its...

TheMamboMomentum

Banknifty opened around the level of 33580 and consolidated whole day. Banknifty is weaker than nifty and have closed below its 20 DMA. The market consolidated around the 20 ema on hourly time frame and in the few minutes crossed and closed above it. On 15 minute time frame, it closed around 20 ema. Support:- 33520, 33450, 33210 Resistance:-33700-50, 33954,...

TheMamboMomentum

Nifty on a daily time frame took resistance from its 20EMA and close just below the level. The market took support from its hourly 20 ema and travelled to cover the gap. Nifty remained in an up trend and crossed the resistance levels and closed above them. Support:- 15850,15780, 15690 Resistance:- 15920, 16020 Wait for the price action near the levels before...

TheMamboMomentum

Banknifty opened around the resistance level of 34120 and fell after an initial gap up. The market took support from its 20DMA and closed above it. Banknifty took resistance on hourly time frame from its 200 ema and fell around 400 points from inter high. On 15 minute time frame, it closed around 20 ema. Support:- 33750, 33580 Resistance:-33954, 34120,...

TheMamboMomentum

Nifty on a daily time frame couldn’t close above its 20 ema, even after opening above the level. The market remained and traded in a range and close below its support level. The market has consolidated whole day. On 30 minute time frame there is a moving averages cross over. Support:- 15780, 15690 Resistance:- 15850, 16020 The market can fill the gap or can...

TheMamboMomentum

Nifty was very volatile today. The market was down and up 100 points in hourly time frame. After a initial good move nifty took resistance from its 200ema on 15 minute. Though the market has closed higher and above 20 ema on hourly and 15 minutes time frame. Support:- 15530, 15380 Resistance:- 15625, 15690 Wait for the price action near the levels before...

TheMamboMomentum

Bank nifty has been consolidating on daily time frame and was volatile while day give a nice 500 points move up and down. The market on, the hourly time frame, has crossed its 20 ema and sustained above it. The market has been taking resistance from its 15 minute 200 ema. Support:- 33025, 32950 Resistance:- 33210, 33440. Wait for the price action near the...

TheMamboMomentum

Bank nifty as predicted was on the down side. Still a bear market prevails on the higher time frame. Market opened gap down and traded while day inside the first hourly candle. The immediate support level is around 32760-90 where market took support and sustained above it. In the second half Banknifty traded in a 200 point range and closed near the...

TheMamboMomentum

Nifty even after a gap down traveled to lower levels and was weaker than Banknifty. The markets are still in a near trend. Nifty took support from its trend line and closed near it. On hourly and 15 minutes time frame, markets are unable to cross its 20 ema. Support:- 15530, 15625 Resistance:- 15380, 15200 Global markets are still negative and inflation data...

TheMamboMomentum

Bank nifty has formed a spinning top candle on daily time frame and it trading well below its 20 DMA. On an hourly time frame, market has crossed its 20 ema and closed with 500 points gain. Banknifty seems weaker than nifty. Markets fell in the last hour and broke both the EMA’s on 15 minute time frame and closed below them. Support:- 33025, 33000 Resistance:-...

TheMamboMomentum

Nifty has given a nice move but still the trend is bearish. This might be a retracement. A perfect morning star pattern in formed on daily time frame. The markets crossed its hourly 20 ema on smaller time frame (15 minute) and closed between both the EMA’s Support:- 15625, 15530 Resistance:- 15690, 15780 The markets had retested the higher levels. Market can...

TheMamboMomentum

Banknifty has traded in red last week, it may consolidate and might give some retracement. Market consolidated today and took support from its 32450 support On an hourly time frame, market couldn’t cross its 20 ema and closed with some minor fall of 50-60 points The market moved on the upper side and crossed its 20 ema on 15 minute time frame. Support:- 32450,...

TheMamboMomentum

Nifty formed an inside candle On daily close. Markets gained in the last hour of trading session The markets consolidated whole day in a narrow trading range. The markets didn’t crossed its hourly 20 ema and traded around its 20 ema on smaller time frame (15 minute). Support:- 15000, 14950 Resistance:- 15530, 15625 Wait for the price action near the levels...

TheMamboMomentum

Nifty from the day high has fallen around 500 points and forming a bearish engulfing candle. Market after touching the resistance level of 15780 dropped sharply. The market couldn’t sustain its support and looks bearish as its next support is far off. Support:- 15125, 14950 Resistance:- 15530, 15625 Wait for the price action near the levels before trading the markets.

TheMamboMomentum

Banknifty has formed a bearish engulfing candle and closed far below its opening. Both the indices were in red. On an hourly time frame, market could sustain its 20 ema and fell around 720 point on daily closing. Markets fell around 1100+ points from its day high. Support:- 32450, 32170 Resistance:- 33020, 33210 There is negative sentiment due to the...

TheMamboMomentum

Banknifty has formed an inside candle and closed flat with just 27 points gains Both the indices consolidated in a range and gave a flat closing. The market consolidated while day near 15 minute 20 ema and closed below it. The range is wide and tomorrow is weekly expiry. Watch for a break out/ down as market can be trending in the second half. Support:- 33210,...

TheMamboMomentum

Nifty has formed a hanging man candle and an inside candle. The nifty retested the support of 15690 and closed just near the level. The market couldn’t sustain its intraday moving averages. The range is wide and tomorrow is weekly expiry. Watch for a break out/ down as market can be trending in the second half. Support:- 15690, 15625 Resistance:- 15850,...