Mambotrade

Mambotrade

Nifty on the daily time frame has formed an inside candle and gained 140 points . Market is still trading between both the moving averages. The market, on the hourly time frame, has closed just above the 20 ema. In second half of the trading session market has given a nice up move and took resistance from 17135 level. Support:- 17065, 16990, 16920 Resistance:-...

Mambotrade

Banknifty on the daily time frame has form another inside candle and tomorrow expiry can be a trending one. The market has been consolidating in a narrow range and taking resistance from its 20 DMA. Market opens flat and remained in a up trend in the second half. The market has closed between both the moving averages. On 15 minute time frame, the market seems...

Mambotrade

Banknifty seemed to hold the levels and remain strong as compare to the other index (Nifty). The market has formed an inside candle and closed nearly 1% lower. Banknifty consolidated in a box and in the last hour of the trading session banknifty broke down the levels and closed below it. The market has taken resistance from its 200 ema on the hourly chart and...

Mambotrade

Nifty on the daily time frame has formed a bearish engulfing candle. The markets opened flat and remained for selling whole day. Nifty tried to recover after the initial fall but in the second half huge sell off was there. On the hourly time frame, nifty took resistance from the 20 ema and a nice sell candle can be seen in the closing hour of the market. In the...

Mambotrade

Banknifty on the daily time frame has formed a grave stone doji and took support from its 20 ema. The market has closed almost flat and closed just near the low. On the hourly time frame, market has taken support from 200 ema. The market has closed below 20 ema on 15 minute time frame. Support :- 39130, 38960, 38780 Resistance :- 39390, 39510, 40000(round...

Mambotrade

Nifty on the daily time frame has formed a doji candle. The market consolidated whole day and sell off in the second half of the trading session. The market has taken support from the 20 DMA. Market has gained only 50-60 points. On the 15 minute time frame, market has closed below 20 ema. Support :- 17260, 17230, 17170 Resistance :- 17360, 17410,...

Mambotrade

The markets are following the global trend and gap up/downs are not give much opportunity for swing and intraday trades. Banknifty, after the gap up of 600 points, it gained only 300 points in forst hourly candle and consolidated whole day in a range. The market is still unable to cross the level of 39130. Banknifty has consolidated in a narrow range of...

Mambotrade

Nifty after the initial gap up remained silent and moved slowly gaining around 400 points. The market has crossed and closed above the 17270 level. On the hourly time frame, the index opened above the 20 ema and remained between both the emas. There is a bullish moving average cross over on a 15 minute time frame. Support :- 16840, 16750, 16650 Resistance...

Mambotrade

Banknifty on the daily time frame has formed an inside candle and is trading between 20 and 200 DMA. The market opened lower and from the first hour came for selling. Banknifty tried to hold the levels and in the second half the market faced a huge sell off and closed 600 points lower. The market, on the hourly time frame, took a resistance from its 20...

Mambotrade

Nifty on the daily time frame has given a negative candle and has closed 200 points lower. The market has taken support from its 200 DMA and has closed near the level. On the hourly time frame, the market remained for selling. Though, the market tried to hold the 17000 level, but in the second half a huge sell off broke the level and even traded below the 20...

Mambotrade

Kotak Mahindra Bank consolidating in a rising wedge pattern and is taking a resistance from the resistance zone. Though,the stock is taking support at its 20 DMA. It has formed a perfect doji candle on the weekly time frame. The stock is trading around its hourly 20 ema. A trade can be initiated if the stock breaks down the wedge and an hourly candle close...

Mambotrade

BPCL has formed a head and shoulder pattern on a daily time frame. The stock had closed just near the neck line and if the level is crossed a nice target of 315 can be achieved in intraday trade. The stock is trading below 20 and 200 DMA and on the hourly time frame, there is a bearish moving averages cross over. Confirmation for the trade:- 1. Head &...

Mambotrade

Nifty has closed just near the 18000 level and after the gap down tried to touch the level of 18100. In the last hour nifty lost and around 90 points. The market has taken a nice support from hourly 20 ema and closed just above the level. On the 15 minute time frame, the market has closed between the 20 and 200 ema. The market opened gap down due to the CPI...

Mambotrade

Banknifty has finally crossed and sustained above the level of 40k. Index remained in a bullish momentum and gave a nice bullish marubozu candle. On the hourly time frame, it remained bullish whole day and crossed upto the level of 40200. The market travelled nicely, and remained in a parallel channel whole day. Banknifty seems to carry on the bullish mode and...

Mambotrade

Nifty on the daily time frame has given a bullish candle. The market gained 50-60 points and closing above the level of 17800. On the hourly time frame, nifty has closed on a bullish mode and there can be another gap up tomorrow. Nifty gave a break out of the trend line during the last hour of the trading session and took nice support from 15 minute's 20...

Mambotrade

Banknifty on the weekly time frame has formed a bearish candle and closed below the crucial round number 39000. On daily time frame, banknifty has formed a bearish engulfing candle and lost around 700 points in a day. The market has started trading below its 20 ema on hourly time frame and closed below the level. A nice price action is formed on 15 minute time...

Mambotrade

Nifty on weekly time frame, has formed a gravestone doji. It has formed a double top near the resistance zone. A perfect bearish engulfing candle is formed on daily time and it has engulfed last 3 days candles. The market has been in green for last 4 weeks and a retracement is pending. Nifty on the hourly time frame has started trading below its 20 DMA and...

Mambotrade

Bank nifty and nifty gave a nice move and foemed a bullish engulfing candle. The moving averages (20 and 200ema) are close enough. The smaller time frame bearish trend seems to be over and market can carry the moment further. On 15 minute analysis, the market has pushed above its 20 ema and has closed around 36800. Support :- 36475, 36300 Resistance :- 36900,...