Nifty weekly prediction for 2 nd Jan 2017 to 6th Jan 2017

Closed @ 8185

20EMA @ 8102

50EMA @ 8226

200 EMA@ 8261

Resistance: 8273,8338,

Support: 8136,8072,7989,7906

Bank Nifty weekly prediction for 2 nd Jan 2017 to 6th Jan 2017

Bank Nifty Closed @ 18177

20 EMA @ 18180

50 EMA @ 18560

200 EMA@ 18298

Resistance: 18360,18760

Support: 18151,17918

NIfty Made Piercing line Pattern

A Japanese candlestick bottom reversal signal,bullish in nature and appears at the end of a down trend this is made of two complex candle first candle will be bearish in nature and the second will be bullish in other words we can ay that a strong white candle that closes more than halfway into the prior black candle’s real body.so this is clear indication That you are holding a short position, One can cover short position above the high of the second day's white candle. and  A Fresh long trade can be entered above the high of the second day's white candle. Place a sell on stop order below the low of the pattern to limit your loss, in case the down trend continues to go down. This is second times on weekly chart after 18-12-2015 nifty completed Piercing pattern.

This is not for trading this is for my personal study .Happy new year 2017

Head and Shoulders Chart Pattern

The head and shoulders pattern is one of the most common  trend reversal pattern so it is bullish to bearish trend reversal pattern  once this pattern is formed there is high probability that initial trend will reverse soon. or in other words we can say It  is also important to keep in mind that it occurs after an uptrend and usually marks a major trend reversal when complete. for identifying head and shoulders pattern on chart it needs to be know about left and right shoulder,Head,Nechline, Target and support and resistance and volume is required for confirmation.

we can see this pattern on Nifty daily chart.

Nifty weekly prediction for 26th Dec 2016 to 30th Dec 2016

Nifty made Previous week Harami white pattern on weekly chart and after that completion nifty made three black crows pattern on daily chart back to back 2 times so this is not good sign for buyers and as it made  made spinning top on last day of trading session which could be effect of long short covering or it is feeling that 7950 is good support level from long ago so it can be a reason for bull trap on intraday basis. as per open interrest  8000 PE has large open interest and after that 8300 CE,8200 CE,8100 CE, 7900 PE of this month expiry so we can also take summary that top is also declining as per open interest. this week expiry is also so trade acordingly given levels 7950 is support for this week closing below this level it can go up 7800 and if closing sustain above 7950 then it can go up to 8040 and 8151.
This is for my personal study not for trading.

Closed @ 7985

20EMA @ 8128

50EMA @ 8264

200 EMA@ 8272

Resistance: 8056,8130,8204

Support: 7940,7718

Bank Nifty weekly prediction for 26th Dec 2016 to 30th Dec 2016

Bank Nifty Closed @ 17884

20 EMA @ 18335

50 EMA @ 18700

200 EMA@ 18318

Resistance: 18105,18319,18533

Support: 17689,17300,17000

Nifty weekly prediction for 19th Dec 2016 to 23rd Dec 2016

Nifty made Harami white pattern on weekly chart which  occurs when there is a large bullish green candle on Day 1 followed by a smaller bearish or bullish candle on Day 2. This is a sign that uncertainty could be entering the market. when this type of patterns seen on weekly chart then traders or investors have to go for buy on next day opening or on closing above the downtrend resistance or  trendline which can be support for next trading sessions. A Harami white pattern and a trendline break is a combination that potentially could results in a buy signal. so trade accordingly given below these level .this is for my personal study not for trading.
                                                     Closed @ 8139

20EMA @ 8188

50EMA @ 8314

200 EMA@ 8284

Resistance: 8236,8273,8377,8551

Support: 8084,7916,7816

Bank Nifty weekly prediction for 19th Dec 2016 to 23rd Dec 2016

Bank Nifty Closed @ 18312

20 EMA @ 18541

50 EMA @ 18848

200 EMA@ 18332

Resistance: 18522,18641,18923,19203

Support: 18256,18174,17727,17455

How to trade on Bearish engulfing pattern

A bearish engulfing pattern is a chart pattern through which we can predict that uptrend is going to be end and now downtrend may be start so it is called one of bearish reversal pattern .
A bearish engulfing pattern
It is very often seen on daily, weekly, monthly chart candle consists of a small white candlestick with short shadows or tails followed by a large black candlestick that eclipses or "engulfs" the small white one so it called bearish engulfing pattern.
In other words One small white candle and next candle large black candle that engulf the previous candle.
Some confirmation required before or after bearish engulfing pattern formed

1. Bearish engulfing pattern should be formed in Uptrend
2. If there is previous resistance above the Bearish engulfing pattern then it is good.
3. When Bearish engulfing pattern formed further downside follow through, such as a gap down, long black candlestick or high volume decline.

At least above three have to confirm before taking any trades.
we can analyse the Bearish engulfing

patterns on  Nifty weekly chart 2011 to 2013.

Nifty weekly prediction(12 December to 16th December 2016)

Nifty made Hammer on daily chart which is first sign of bullish reversal pattern but we have to confirm it  on monday closing . if nifty closing sustain above 8300 then it can go up 8500 if closing does not sustain above this then in down side it can go up to 8060-8160.

Finally i would like to conclude that this is make and brake point so both strategy can be used  either buy on dip or sell on rise but but kindly use one strategy at one time.Remain in trend and trade according your levels this is not for trading purpose .

   Closed  @ 8261

EMA 20  @ 8199

EMA 50  @ 8289

EMA 100 @ 8345

Resistances:  8273,8377,8491

Supports:  8154,8104,7937

Bank Nifty weekly prediction(12 December to 16th December 2016)

Closed  @ 18695

EMA 20  @ 18646
EMA 50  @ 18951
EMA 100 @ 18323

Resistances: 18923,19203
Supports:  18341,18174,17965

List of some Technical indicators For trading and investing in share market

Technical indicators helps to predicts the future price and direction of any stocks or index on the basis of past price movement or patterns.

There are Two types indicators
              1.Leading Indicators:
                                                 Predicts future events and tend to change ahead of that event.

2.Lagging Indicators:
                                 
                                   that follows an event.


List of some Technical indicators For trading and investing in share market:
 

1. Accumulation/Distribution
2. Average Directional Movement (adx)
3. Adaptive Moving Average
4. Absolute Price Oscillator
5. Alligator
6. Aroon Up And Down Indicator
7. Average
8. Average Short, Medium,Long
9. Average Traded Price
10. Average True Range
11. Awesome Oscillator
12. Bollinger Band
13. Band Envelope
14. Bar Value Area
15. Band Width
16. Chaikin Money Flow
17. Commodity Channel Index (cci)
18. Chande Momentum Oscillator (cmo)
19. Chande Vidya Indicator
20. Choppiness Index
21. Coppock Curve
22. Demand Index
23. Double Exponential Moving Average (dema)
24. Directional Moving Index (dmi)
25. Divergence Positive
26. Divergence Negative
27. Donchian Channel
28. Exponential Moving Average(Ema)
29. Fill Indicator
30. Force Index
31. Fractal
32. Gain Swing
33. Heinkin Candle
34. Ichimoku
35. Keltner Atr Band
36. Know Sure Thing
37. Linear Regression
38. Linear Regression Angle
39. Linear Regression Intercept
40. Linear Regression Slope
41. Mass Index
42. Macclellan Oscillator
43. Moving Average Convergence Divergence (macd)
44. Money Flow Index
45. Momentum Indicator
46. On Balance Volume
47. Price Channel
48. Parabolic Sar
49. Performace Indicator
50. Percent Price Oscillator
51. Price Volume Trend
52. Rate Of Change
53. Rate Of Change
54. Rate Of Change
55. Rate Of Change
56. Relative Strength Indicator
57. Simple Moving Average
58. Standard Deviation
59. Stochastic
60. Stochastic Fast
61. Super Trend
62. Triple Exponential Moving Average
63. Triangular Moving Average
64. Triple Exponential Moving Average Oscillator
65. Time Series Forecast
66. Ultimate Oscillator
67. Volume At Price
68. Volume
69. Volume Delta (vol
70. Volume Weighted Average Price
71. Williams % R
72. Weighted Moving Average
73. Welles Wilder's Smoothing Average   

Nifty weekly prediction for 5th Dec 2016 to 9th Dec 2016

Nifty made bearish candle on weekly chart and before this week nifty already made hanging man pattern and on daily chart nifty looks unpredictive as nifty made continuously inverted hammer then dark cloud cover with advance block and in last two days of week it came as selling pressure and  seems very less streght to go in up side. and it closing below 200 ema on continuously on daily chart .
so i would like to remain in trend if selling pressure continues then it can go up 7950 in downside and if deat cat bounce comes from 8100 then it can go up to 8250 in up side and i assume that nifty trading range can be 8277-7916 for this week.
This is not for trading purpose this is for my personal study thanks.

Closed @ 8086

20EMA @ 8210

50EMA @ 8382

100 EMA@ 8409

Resistence: 8217,8256,8391

Support: 8035,7991,7918,7828,7718

Bank Nifty weekly prediction for 5th Dec 2016 to 9th Dec 2016

Banknifty Closed @ 18247

20 EMA @ 18764

50EMA @ 19061

100EMA@ 18888

Resistence: 18668,19029,19389

Support: 18174,17800,17650

How to calculate support and resistance levels

Support and resistance  means price of a stock will tend to stop and reverse at certain predetermined price levels in other words we can say that support is an area from where price of stock is expected to move in up side. and resistence is an area from where price of any stocks is expected to go down side. support and resistence can be calculated for differenet time frame with the help of different tools and different indicators. we will discuss it later,

what is support:
Support levels tend to stop price from falling below a specific point. in other word we can say that support is something that prevents the price from falling further.The Support level will be always below the current market price.

What is Resistance:
Resistance levels act like a price ceiling that price cannot break above. in other word we can say that resistance is something which stops the price from rising further.The resistance level will be always above the current market price.

so we can safely conclude that traders should buy at support and sell at resistence but it has to be done after confirmation as technicals always says everything needs to be confimed.

Types of Support and resistence..,

1. Camarilla Pivot Points
2. Standard Pivot Points
3. Woodie's Pivot Points
4. Demark Pivot Points
5. Classic Pivot Points

1. Camarilla Pivot Points

The Camarilla method was developed by Nick Stott who was a very successful bond trader.

To calculate Camarilla Pivot points all you need is previous trading day’s high low and close value.  Below are the equations for calculation various levels.

C = Previous day close

H = Previous day high

L = Previous day low

H4 = [0.55*(H-L)] + C

H3 = [0.275*(H-L)] + C

H2 = [0.183*(H-L)] + C

H1 = [0.0916*(H-L)] + C

L1 = C – [0.0916*(H-L)]

L2 = C – [0.183*(H-L)]

L3 = C – [0.275*(H-L)]

L4 = C – [0.55*(H-L)]

How to calculate Camarilla Pivot points and how to take trades on these levels:
Camarilla equations take previous day’s high, low and close as input and generates 8 levels of intraday support and resistance based on pivot points. There are 4 levels above pivot point and 4 levels below pivot points. The most important levels are L3 L4 and H3 H4.  H3 and L3 are the levels to go against the trend with stop loss around H4 or L4 . While L4 and H4 are considered as breakout levels when these levels are breached its time to trade with the trend.

============
2.Standard Pivot Points

R3 = H + 2( Pivot - L

R2 = Pivot + ( H - L )

R1 = ( 2 x Pivot ) - L

Pivot = ( H + L + C ) / 3

S1 = ( 2 x Pivot ) - H

S2 = Pivot - ( H - L )

S3 = L - 2( H - Pivot )

Buy when price move above pivot and R1,R2,R3, will be target
Sell when price move below Pivot S1,S2,S3 will be target.
=======================

3.Woodie's Pivot Points

R2 = Pivot + ( H - L )

R1 = ( 2 x Pivot ) - L

Pivot = ( H + L + 2 x C ) / 4

S1 = ( 2 x Pivot ) - H

S2 = Pivot - ( H - L )
Buy when price move above pivot and R1,R2, will be target.
Sell when price move below Pivot S1,S2 will be target.
=================================

4.Demark Pivot Points

If Close < Open Then Price = H + 2 x L + C;

If Close > Open Then Price = 2 x H + L + C;

If Close = Open Then Price = H + L + 2 x C;

R1 = Price / 2 - L

S1 = Price / 2 - H

Buy when price move above pivot and R1 will be target.
Sell when price move below Pivot S1will be target.
 Demark can be also used for expected high and low of stock price  at opening time of market.
=================
5.Classic Pivot Points are:

R4 = R3 +(HIGH-LOW)
R3 = R2 + (HIGH-LOW)
R2 = PP + (HIGH-LOW)
R1 = (2 * PP) - LOW
PIVOT POINT = (HIGH + LOW + CLOSE) / 3
S1 = (2 * PP) - HIGH
S2 = PP - (HIGH-LOW)
S3 = S2 - (HIGH-LOW)
S4 = S3 - (HIGH-LOW)

Buy when price move above pivot Point and R1,R2,R3,R4will be target
Sell when price move below Pivot Point  S1,S2,S3,S4 will be target.


In each pivot points , if price closes above or below  any level then it changes and support becomes resistence and resistence becomes support for exapmle if price moves above pivot level then R1 will act as resistence and pivot level will act as support , if price closes above R 1 level then R2 will act as resistence and R1 will act as support so finally it can be conclude that support becomes resistance and resistence become support as price movement.

Bank Nifty weekly prediction( 28th November to 2nd december 2016)

Banknifty Closed @ 18507

20 EMA @ 18950

50EMA @ 19177

100EMA@ 18929

Support: 18215,18174,18143,17655

Resistence: 18676,18821,19261,19689

Nifty weekly prediction( 28th November to 2nd december 2016)

Nifty made long white candle on daily chart after long time on friday but it should be confirm on next trading session (monday) that whether it is actual bulish candle or this is total effect of short covering so trade according to your calculated levels . this is for my personal study not for trading..

                                                  Closed @ 8114

20EMA @ 8246

50EMA @ 8433

100 EMA@ 8436

                                             Resistence : 8122,8256,8391
                                             Support:      8036,,7991,7918

How to use Super Trend indicator

Super Trend is a very simple and smooth indicator to identify a trend, therefore it helps to identify the current market trend along with uptrend and downtrend confirmation it can be used for intraday ,positional and long run trading purpose. The Super Trend indicator is plotted over the price chart of the stock or the index

How to calculate Super Trend Formula:

If the price is above the line then it acts as a point of support, and if below the line it acts as a point of resistance: value is displayed in an upward trend:

average price= high+low/2

offset= Coefficient *Average True Range(n period)

Super Trend Resistence = Average price + Offset

Super Trend support = Average price – Offset

The default Average True Range period is 10 and the default 'coefficient' is 3.

A stock experiencing a high level of volatility will have a higher ATR, and a low volatility stock will have a lower ATR

Super Trend is constructed with two parameters, and the commonly used ones are 10 and 3. The 2nd parameter can be reduced if you want Super Trend to react more rapidly to price changes but it may end up generating more false signals, so the default parameters work just fine.

How to Identify trend with Super Trend indicator:

If indicator is flat and flipping from above to Super Trend line and below it line means there is no trend at the present time means consolidation on that particular time frame

If price is continuously trading above the Super Trend indicator on continuously basis means there is uptrend on that particular time frame.

If price is continuously trading below the Super Trend indicator on continuously basis means there is downtrend on that particular time frame.

So we can safely conclude that Super Trend is a trending indicator, but if we have better workout on this indicator so we can get up to 75 percent accuracy as we know that There’s nothing perfect in Technical Analysis but with help of Super Trend we can minimise so many false signals in sideways trends,and Super Trend helps catch the big moves However, it does give lesser false signals than a lot of other indicators and so if you are an intraday and short and long term trader who wants to use this indicator as part of your trading strategy surely all can use as we discussed with above given factors.

How to buy and sell with Super Trend indicator:

Buy: Buy when the closing price turns greater than the indicator value. Once you made long position ,hold the position till the price closes above the Super Trend indicator Value or line. In this all trading style indicator line helps as a trailing stop-loss for the Buying or long position.

Sell: Sell when the closing price lesser than the indicator value or downward closing below indicator line of closing price of stocks/indices . hold the position till the price closes below the Super Trend indicator Value or line. In this all trading style indicator line helps as a trailing stop-loss for exiting short position

Note:  In both the above cases traders is advised to hold the position till the price closes above or below the indicator line or value.

                                      This is for my personal study not for trading purpose. Thanks.

.

Nifty weekly prediction(21st November to 25th November 2016)

Nifty started with gap down on 15th November and closes with larger black 

candle and from then continues closing below previous day closing so we can 

assume that in the previous week there was no sign of recovery or dead cat 

bounce or trend change in even for intraday purpose so previous week was 

totally based on sell on rise strategy, there is no benefit talking about previous 

week but technical analysis is totally about on previous data forecast future so i 

tried to analyse what should be better strategy for next week , first of all i would 

like to go in 15 minutes chart analysis of nifty if nifty closing sustain above 8123 

then intraday traders can go for short term buy as they know that nifty is holding 

8000 . now lets go for hourly basis if nifty closing sustain above 8200-8250 in 60 

minute chart then it can go up to 8400-8450 if closing sustain above these all 

levels then trend will be reverse for week. this could be totally buy on dip strategy 

Now i would like to analyse against this strategy, if nifty continues trading like it 

moved like previous week then we should use sell on rise strategy and it could 

be executed with all the bounce back  which is mentioned  in  15 minutes and 60 

minutes chart.

Finally i would like to conclude that this is make and brake point so both strategy 

can be used  either buy on dip or sell on rise but but kindly use one strategy at  one time.

Remain in trend and trade according your levels this is not for trading purpose .

Closed  @ 8074

EMA 20  @ 8398

EMA 50  @ 8526

EMA 100 @ 8481

Resistences:  8261,8434,8607

Supports:  8033,7800,7718

Banknifty weekly prediction(21st November to 25th November 2016)

Closed  @ 18959

EMA 20  @ 19389
EMA 50  @ 19382
EMA 100 @ 18994

Resistences: 19151,19220,19600,20138
Supports:  18804,18475,18168

Nifty weekly prediction(15th November to 18th November 2016)

Nifty closed below lower top lower bottom formation on daily chart if we exclude 09/11 candle then still nifty  trying to fill all gap up line between 8150-8500 Gap up is considered as strong support ,and one thing more i tried to draw long trendline then that trendline is also acting as Resistance as nifty closes below this trendline means clearly downtrend started on daily chart.. so finally lower top lower bottom is acting as resistence on daily chart.
this is for my personal study not for trading..

Closed  @ 8296

EMA 20  @ 8549

EMA 50  @ 8602

EMA 100 @ 8513

Resistences:  8451,8526,8621

Supports:  8281,8240,8139,8032

Banknifty weekly prediction(15th November to 18th November 2016)

Closed  @ 19738

EMA 20  @ 19532
EMA 50  @ 19430
EMA 100 @ 18984

Resistences:  19770,20377
Supports:  19624,19214,18804

Nifty weekly prediction( 7th November to 11th November 2016)

Nifty still following lower top lower bottom formation on daily chart and trying to fill all gap up line between 8150-8500 Gap up is considered as strong support ,but now nifty is filling all gap up continuously.and one thing more i tried to draw long trendline from 2011 low to 2014 low then that trendline is also acting as strong support at around 8327 and my strong level was 8472 acting as support from last three month broken this week so if nifty continues this trend then pls make trade according to below given levels .this is for my personal study not for trading.
                                           

Closed  @ 8433

EMA 20  @ 8613

EMA 50  @ 8634

EMA 100 @ 8572

Resistences: 8648,8679,8884

Supports:  8341,8277,8240,8200

Bank Nifty weekly prediction( 7th November to 11th November 2016)

Closed  @ 19058

EMA 20  @ 19431
EMA 50  @ 19376
EMA 100 @ 19020

Resistences:  19336,19579,19770,19823,
Supports:  18475,18071,17809

Nifty weekly prediction( 24th october to 28th october 2016)

Nifty formed Hammer pattern on daily chart which means buy on dip startegy can be good for investor in long run ,but it we have to anlyse some other factors in which we can see that higher top and higher bottom is intact from feb of 2016 and from last few 3 months nifty is trading in the range of 8450 as support and 8700 as strong resistence and one more point when nifty touched 8950 level from then nifty is in corrective mood and still following lower top lower bottom on daily chart from that level of 8950 so i would suggest you all to investor going for long confirmation needed on next day of hammer and then go for long and when we talk about trendline is also acting as resistence because from last two days nifty unable to close above this uper trendline .. so we can safely conclude and it should be in practice also that  when hammer pattern completed on daily chart then we have to confirm on next day after closing.this is for my personal study not for trading..

Closed  @ 8693

EMA 20  @ 8684
EMA 50  @ 8658
EMA 100 @ 8503

Resistences:  8735,8804,8884
Supports:  8612,8567,8526

Bank Nifty weekly prediction( 24th october to 28th october 2016)

Closed  @ 19710

EMA 20  @ 19479

EMA 50  @ 19345

EMA 100 @ 19361

Resistences:  19770,19892,20377

Supports:  19361,19229,19156,19092

Nifty weekly prediction( 17th october to 21st october 2016)

Nifty made Harami black pattern on daily chart and trying to follow lower top lower bottom formation and i which top is declining and bottom is also bottom is declining but if we read 08/07/2016 then 8472 is good support and so many times nifty bounce back from this level. so we can say that this is make or break point in nifty in next week.if nifty continues to trade below this level then downtrend will be started in long term.  so i have some support and resistence for my personal study not for trading.

Closed  @ 8583

EMA 20  @ 8701

EMA 50  @ 8659

EMA 100 @ 8488

Resistences:  8677,8778,8878,

     Supports:   8567,8477,8397,8240

Bank Nifty weekly prediction( 17th october to 21st october 2016)

Bank nifty made made Harami black pattern on daily chart and trying to follow lower top lower bottom formation and  which means  top is declining and bottom is also bottom is declining and in it closes below trend line that was acting as support from starting of this year which can be seen on the chart now 18500 is acting as strong support if bank nifty continue to trade below this level then clear downtrend will start . this is for my personal study not for trading:

Closed @ 19020

EMA 20  @ 19467

EMA 50  @ 19315

EMA 100 @ 18721

Resitences 19296,19600,19861

        Supports : 18475,18174,18146,18000

Nifty weekly prediction( 10th october to 14th october 2016)

Nifty making Harami Black Patterns on weekly chart and it has been observed from last 3 time whenever nifty made Harami Black pattern then nifty given postive rally it can be seen on chart.
as nifty is still trying to close above 8700 as psycological level and 8800 and next week is still 3 trading days so trade in the below given range and enjoy trading. This is for my personal study not for trading thanks.

Closed @ 8697

5 EMA @ 8712
20 EMA @ 8730
50 EMA@ 8664

Support: 8667, 8567,8401
Resistence: 8784,8862,8878

Bank Nifty weekly prediction( 10th october to 14th october 2016)

Banknifty Closed @ 19400

5 EMA @ 19468
20 EMA @ 19595
50 EMA@ 19341

Support: 19324 ,19078
Resistence: 19798,20093

Bank Nifty weekly prediction (3rd october to 7 th october 2016)

closed @ 19285


5 DMA @ 19494
20 DMA @  19646
50 DMA @ 19314


NIFTY SUPPORT : 19314,19176, 19078

NIFTY RESISTANCE: 19604,19798,20032

Nifty weekly prediction (3rd october to 7 th october 2016)

Closed @ 8611

 5 DMA @ 8694
20 DMA @  8733
50 DMA @ 8653

NIFTY SUPPORT : 8567,8587,8751, 8643

NIFTY RESISTANCE: 8784,8844,8968

Nifty weekly prediction for 26th september to 30th september 2016

Nifty Nifty is struggling to close above 8900 from last of 9^th september 2016 and now it is clearly shownig range bound in the range of 8700-8900 so for the next week will be crucial for bulls and bears as both will fight to deciding the trend of nifty if we try to understand last six daily candle then we can say that Nifty made Long legged Doji on 16^th september then next day small bullish candle and then two candlestick pattern Harami Black and then Gap up and still holding gap up as support on daily chart.

5DMA@ 8828

20DMA@ 8777

50 DMA @ 8645

                                                                                   NIFTY SUPPORT : 8751, 8643

      NIFTY RESISTANCE: 8889,8950

Bank Nifty weekly prediction for 26th september to 30th sep 2016

Bank Nifty weekly prediction for 26^th september to 30^th sep 2016

5DMA@ 19975

20DMA@ 19809

50 DMA @ 19277

                                                                           BANK NIFTY SUPPORT :19853,19773,19229

            BANK NIFTY RESISTANCE: 20351,20600

Bank Nifty weekly prediction for 12th september to 16th september 2016

Closed @ 20245

5DMA@ 20215

20DMA@ 19649

50 DMA @ 19004

                                                                              BANK NIFTY SUPPORT :20241,20007,19773

BANK NIFTY RESISTANCE: 20541

Banknifty Made stalled pattern on weekly chart and retracing after making new high. this is example of price channel on weekly chart.

Nifty weekly prediction for 12th september to 16th september 2016

Nifty made large bearish candle on daily chart and made inverted hammer on weekly chart ,inverted hammer means buyer push the price higher against the seller but as we are in uptrend on weekly chart and bottom is rising and previous week we had gap up means all previous data is still continuing uptrend so this inverted hammer patterns may be because of some profit booking by trades so remain in trend and do anlysis before taking any trade.

This is for my personal study not for trading.

5DMA@ 8878

20DMA@ 8746

50 DMA @ 8583

                                                                               

NIFTY SUPPORT :8589,8777,8695

NIFTY RESISTANCE: 8884,8951

Nifty weekly prediction for 6th September to 9th september

Nifty 50 finally brakes the consolidation range of 8550-8700 with volume and  made 52 week high and closed on 8809 that is around 29 percent up from feb low .Nifty made kind of hanging man pattern on daily chart and strong bullish candle on weekly chart and continuously second times  three white soldiers on monthly chart so as per my study nifty is heading toward 9100 so traders and investors are requested to remain in trend with buy on dip strategy and trade in range given below . 

Nifty closed @ 8809

5DMA@ 8752

20DMA@ 8665

50 DMA @ 8525

                                                            Nifty support :  8721,8645,8571

Nifty resistance:   8884,9119

Bank Nifty weekly prediction for 6th September to 9th September

Bank Nifty closed @ 19883

5DMA@ 19688

20DMA@ 19296

50 DMA @ 18766

Bank Nifty supports : 19656,19462,19279

                                                                     Bank Nifty Resistence: 19991,20907

Nifty making Bullish belt hold and Morning star pattern

Nifty made Bullish belt hold on daily chart and hanging man on weekly chart and it is also making dozi on monthly chart and bullish belt hold on quarterly chart .if we conclude all then we may infer that nifty is still in buying mood so if it closes above 8728 then next resistance will be 8844 and 8991 and if it closes below 8600 and sustain below this level then 8518 and 8477 is strong support.
Happy independence day to all.
this is for my personal study not for trading ...

Nifty weekly prediction for 16th August to 19th August 2016

NIFTY SPOT CLOSED @ 8672

5DMA@ 8630
20DMA@ 8581

 50 DMA @ 8409

WEEKLY EXPECTED RANGE IN NEXT WEEK FOR NIFTY

RESISTANCES:       8728,8848

SUPPORTS:       8545,8463

Bank Nifty weekly prediction for 16th August to 19th August 2016

BANKNIFTY SPOT CLOSED @ 18963

5DMA@    18804

20DMA@  18725

50DMA@  18267

WEEKLY EXPECTED RANGE IN NEXT WEEK FOR BANKNIFTY

RESISTANCES:  19158,19229

SUPPORTS: 18569,18335

NIfty weekly prediction for 25th july to 29th july 2016

Nifty made 7th time Bearish harami patterns on daily chart from last low 6825. Bearish harami is made up of two candlesticks .Bearish harami The first has a large body and the second a small body in other words we can say that large bullish green candle on Day 1 followed by a smaller bearish or bullish candle on Day 2. this pattern is considered to be a signal of trend reversal, it indicates that the bull is weakening and there is a possibility of bear to take over the market. And in other aspects when I have taken extention level from low 6825 to high 7978 low 7715 then we get 61.8 retracement value that is 8520 and nifty still closes above this today at 8565 that is also loking postive but when we draw price channel then we can clearly see that nifty is still unable to close above this channel price not able to sustain. So make trade accordingly  and remain cautious and book profit time to time.

NIFTY SPOT CLOSED @ 8541

5DMA@ 8531
20DMA@ 8419
50DMA@ 8419

WEEKLY EXPECTED RANGE IN NEXT WEEK FOR NIFTY

RESISTANCES: 8594,8650,8733

SUPPORTS: 8479,8405,8351,8332

this is for my study purpose not for trading..

BankNIfty weekly prediction for 25th july to 29th july 2016

Bank Nifty made 5th time Bearish harami patterns on daily chart from last low 13519. Bearish harami is made up of two candlesticks .Bearish harami The first has a large body and the second a small body in other words we can say that large bullish green candle on Day 1 followed by a smaller bearish or bullish candle on Day 2. this pattern is considered to be a signal of trend reversal, it indicates that the bull is weakening and there is a possibility of bear to take over the market. But it needed conformation on next candle so that trend will be confirm.

BANKNIFTY SPOT CLOSED @ 18706

5DMA@ 18770
20DMA@ 18414
50DMA@ 17809

WEEKLY EXPECTED RANGE IN NEXT WEEK FOR BANKNIFTY

RESISTANCES:19137,19725

SUPPORTS: 18896,18563,18335

Nifty made Bearish harami pattern

Nifty made 6th time Bearish harami patterns on daily chart from last low 6825. Bearish harami is made up of two candlesticks .The first has a large body and the second a small body in other words we can say that large bullish green candle on Day 1 followed by a smaller bearish or bullish candle on Day 2. this pattern is considered to be a signal of trend reversal, it ndicates that the bull is weakening and there is a possibility of bear to take over the market. And in other aspects when I have taken extention level from low 6825 to high 7978 low 7715 then we get 61.8 retracement value that is 8520 and nifty still closes above this today at 8565 that is also loking postive but when we draw price channel then we can clearly see that nifty is still unable to close above this channel price not able to sustain. So make trade accordingly  and remain cautious and book profit time to time.if nifty closes above this price next next stop will be 8626,8733. and support will be 8477,8407.
this is for my study purpose not for trading..

NIfty weekly prediction for 18th july to 22nd july 2016

                                                 5EMA@ 8507

                                                 20EMA@ 8346

                                                 50EMA@8163

                                                 100 EMA@ 7995

Nifty managed to closes at 8541.Nifty looking so strong on monthly chart as it is still providing closing with strong green body on monthly continuously fifth month and current month still looking so strong. If we talk about weekly chart Nifty  made an opening white body marubuzo which is bullish pattern, and on daily chart Nifty has formed bearish harami which is bearish reversal pattern which requires confirmation  like if on Monday real black candle will confirm reversal, so we can say that monthly and weekly  chart  is looking so strong  but on daily chart is looking bearish bias as we already know that nifty managed to close above 61.8 retracement level from 9119 to 6825. If we talk about option data of july series maximum open interest is on 8700 CE and highest open interest is added on 8400 PE which can act as support and resistance. So finally we can conclude that remain in trend and use buy on dip strategy and anyone going against the trend book profit time to time.

NIFTY SUPPORTS:  8491,8451

NIFTY RESISTENCE: 8626,8651

This is for my study purpose not for trading, kindly use your own for trading thanks.

NIfty weekly prediction for 14th july to 15th july 2016

WEEKLY EXPECTED RANGE IN THIS WEEK FOR NIFTY 

5EMA@8447
20EMA@8229
50EMA@8130

Nifty spot  supports are 8475,8445,8407
Nifty spot Resistence are 8550,8626


kindly use correction for buy beacause trend is in buying..thanks

BANK NIFTY WEEKLY PREDICTION FOR 4th July to 8th July 2016

Bank Nifty completed Hanging Man pattern on monthly chart previous month , Hanging Man is bearish single reversal candelistick pattern in uptrend which requires confirmation on next candle. The long lower shadow of Hanging man is generally is bullish signal and buyers are more aggressive. Hanging man formation does not mean that bulls have lost control ,So confirmation of trend reversal is required and it can be identified when next candle closes below the real body of Hanging man or another trend reversal patterns like engulfing pattern or piercing pattern. Bank nifty has gap down on daily chart with range 18118-18219 so above closing will be good for bulls in next week and below this gap down again correction can be seen so trade in this given range:

BANK NIFTY SPOT CLOSED @ 17985

5DMA@17811
20DMA@17643
50DMA@17209

WEEKLY RANGE IN NEXT WEEK FOR BANK NIFTY

SUPPORT 17857,17713,17412,16886

RESISTANCES 17993,18200,18889