TheMamboMomentum

TheMamboMomentum

Nifty has given a nice fall on the daily charts and took support from the major support range of 19230-250. There is a nice bearish candle on the daily chart and market is trading below the 20 ema. Chances are of market testing the 200 ema. On the hourly charts, there was a consolidation in the first half of the market and in the second half the market fell of...

TheMamboMomentum Updated 

Finnifty on the weekly charts has been consolidating in a narrow range, taking support around 19550 levels. On the weekly chart, market has closed below the 20 ema. It has closed below the closing range of 19800-19830. There is a nice support around the 19500 level as it has been tested thrice recently. It tried to recover after a gap down opening. It has...

TheMamboMomentum

Banknifty has crossed the previous week low and closed losing 560 points lower on the weekly charts. It has closed below the 20 ema of weekly charts which signifies some negativity in the market. The market now has a support level around 43400 as it has started trading below the previous low formed by banknifty. On the daily charts, the market has form an...

TheMamboMomentum

Nifty has been taking support around the round figure number of 19500 and has formed a kind of tweezer top on the weekly charts. The market has been volatile and still confused in deciding the trend. It has closed below the 20 ema on the daily charts. There is an inside candle or a halt candle after a gap down opening. Market has been consolidating in a range...

TheMamboMomentum

After many weekly expiry this expiry was the one which was in favour of the option buyers. Banknifty has closed 520 points lower moving the market more then 1% down. It was struggling to sustain above 20 ema and today being the weekly expiry it gave a nice move in the first half and consolidated in the second. On the hourly charts, the market took resistance...

TheMamboMomentum

Today there was a nice fall in the indian markets and nifty has given closed 140 points lower forming a nice bearish candle. It has closed below the 20 ema which is round 19700 level. There are chance of nifty holding the market as there was less fall in the index as compare to banknifty. On the hourly charts, it has closed below both the moving averages and...

TheMamboMomentum

Banknifty on the daily time frame has given a red candle after a gap up opening and closing 180 points higher. It opened above the 20 ema but couldn't sustain above the level and closed below the level and constantly faced resistance from 44500 level. On the hourly charts, banknifty traded between both the moving averages, taking resistance from the 200 ema and...

TheMamboMomentum

Nifty is still unable to trade above the resistance levels of 19850. After a gap up opening the market came for selling and consolidated around the level. There was a sell off in the second half, taking support around the support level as well as the 20 ema on the hourly charts. Market gave a nice move but there was no follow through in the markets. The markets...

TheMamboMomentum Updated 

Asian Paints has been taking support from the 200 ema on the daily charts and is trading between both the moving averages. The stock closed below the weekly 20 ema and today test the level and closed almost flat. If the market remain in a bearish trend, there can be a short trade in the stock as it has test the support levels many times. Entry :- Below...

TheMamboMomentum

Finnifty has been consolidating in a range for few days. It has formed a doji candle on the daily time and closed below the 20 ema. Indian markets have been consolidating in a range for few days. Break out or break down can give good targets. On the hourly charts, the market has given a bearish moving averages cross over. It took resistance from the 20 ema and...

TheMamboMomentum

Banknifty is still trading below the 20 ema and has formed another doji candle at the day close. It has given a nice move both side. In the opening it tested the lower levels and also tested the higher levels. On the hourly charts, the market tested the 20 ema, facing resistance from the levels and closed almost flat. Ongoing market is for the option seller...

TheMamboMomentum

Nifty on the daily charts has formed an inside candle and closed flat forming a doji candle. It consolidated in a narrow range of 60 points after the first hour candle. There were no movement in the index. On the hourly charts, nifty traded around the 20 ema and closed between both the moving averages. Markets are not giving any option buying opportunity in the...

TheMamboMomentum

Banknifty on the weekly time frame has given a doji candle and has closed almost flat below the 20 ema. On the daily charts, market has formed a gravestone doji candle and closed below the 20 ema after taking a resistance from the level. It is showing some negative build up on the intraday front and is consolidating on the higher time frame. Banknifty has been...

TheMamboMomentum

Nifty on the weeekly charyts has given a nice bullish candle and has closed around 100 points higher. After the gap up opening on Monday due to the international news it recovered and took support from 50% fibonacci level. It is holding the higher levels but is still trading below the major resistance level of 19900. On the daily charts, there are gap up and...

TheMamboMomentum

Banknifty on the daily time frame has formed an inside candle. It has closed above the 20 ema on the daily charts. On the hourly charts, the market has remained in the first hour candle and closed just between both the moving averages and the moving averages are close enough. The market has consolidated whole day and closed only 82 points higher killing option...

TheMamboMomentum

What a weekly expiry this has been? Nifty on the weekly expiry remained a 50-60 points range and closed 19 points lower. On the hourly charts, the market remained in the first hour candle and closed above both the moving averages. Today expiry was for option seller and total time decay was the gain as there was no opportunity for the option buyer. On 15...

TheMamboMomentum

Banknifty today tested 44700 level after a gap up opening and came down lossing the gain and closing only 156 points higher. It took a good support around 44500 levels and closed just around the levels. Again, there a doji formation on the higher levels and it is unable to close above 20 ema on the daily charts. On the hourly charts, after a first hour volatile...

TheMamboMomentum

Nifty held on to the higher levels while banknifty gave away the points after a gap up opening. It gained some points after a gap up opening and consolidated after the first hour move in a 50 points range whole day. There is a bullish moving averages cross over, on the hourly charts, closing above both the moving averages. On 15 minutes time frame, market took...