NIFTY AND BANKNIFTY SUPPORT RESISTENCE FOR 01 JUNE 2016

NIFTY DAILY RESISTANCE@8186-8213

NIFTY DAILY PIVOT @ 8160

NIFTY DAILY SUPPORT @8134-8107

BANK NIFTY DAILY RESISTANCE @ 17650-17727

BANK NIFTY DAILY PIVOT @17594

BANK NIFTY DAILY SUPPORT @ 17541-17462

NIFTY AND BANKNIFTY SUPPORT RESISTENCE FOR 31 MAY 2016

NIFTY DAILY RESISTANCE@8198-8223

NIFTY DAILY PIVOT @ 8174

NIFTY DAILY SUPPORT @8149-8129

BANK NIFTY DAILY RESISTANCE  @ 17611-17729

BANK NIFTY DAILY PIVOT @17547

BANK NIFTY DAILY SUPPORT @ 17429-17366

BANK NIFTY NEXT WEEK 30 MAY TO 3 JUNE 2016

BANK NIFTY SPOT CLOSED@ 17511


5EMA@17106
20EMA@16733
50EMA@16343
100EMA@16198

WEEKLY EXPECTED RANGE IN NEXT WEEK
SUPPORT    16959-16599
RESISTANCES  17682-18711

Nifty show three white soldiers pattern

Nifty made three white soldiers patterns consecutive 5Th times s in last two months which is clearly indication of changing sentiments of investor . Three Advancing White Soldiers indicates a weakness in an down trend and the potential changes in to of an uptrend. After five week consolidation nifty made three white soldiers patterns on daily chart 5 th times when it always occurs as per theory nifty broke out a narrow range of consolidation and moves in uptrend so as per my thinking Try to make long position and buy on dips strategy. 8180 is strong resistence for nifty if not closes above this level then some consolidation for brief time period and then it can go up to 8218.

Levels as support in three white soldiers patterns on daily chart

8080-8028-7986-7944

Levels as Resistance in three white soldiers patterns on daily chart

8214-8326

NIFTY NEXT WEEK PREDICTION 30 MAY TO 3 JUNE 2016

NIFTY SPOT CLOSED@ 8156


5EMA@7990
20EMA@7867
50EMA@7765
100EMA@7719

                                                 WEEKLY EXPECTED RANGE IN NEXT WEEK
                                                  SUPPORT    8018-7915-7812
                                                 RESISTANCES  8218-8351

VIEW :
Nifty made three white soldiers patterns consecutive 3 rd times in last two months which is clearly indication of changing sentiments of investor . After five week consolidation nifty mad three white soldiers patterns as it always occurs as per theory and nifty broke out a narrow range of consolidation. Try to make long position and buy on dips strategy. 8180 is strong resistence for nifty if not closes above this level then some consolidation for brief time period and then it can go up to 8218. Trend is best friend so remain in trend and enjoy Trading

 NIFTY SUPPORT RESISTENCE FOR 30 MAY 2016

DAILY RESISTANCE@8188-8219

DAILY PIVOT @ 8132

DAILY KEY SUPPORT@8101-8045

Nifty and Bank Nifty next week prediction 23rd may to 27th may 2016

Nifty

If Nifty spot closes above 7738 then resistence are 7769,7812,7868,7908
If Nifty spot closes below 7738 then supports are 7679,7651,7584

Bank Nifty

If Bank Nifty above 16516 then resistence are 16796,17029
If Bank Nifty below 16516 then supports are 16346,16331,16035

Nifty next week prediction from 16th may 2016 to 20th may 2016

Nifty close at 7814 above 1.04 percent on weekly basis but falls sharply on daily basis on last trading days of week and closes below 1 percent on daily chart. Nifty made spinning top on weekly chart we may see clearly bearish candle on weekly chart as lower top and lower bottom continues and nifty still closed below the upper trendline that means it is indication of weak signal or we can say that bears are trying to taking control over bull market.but if we talk about level then i can say that 7679 is strong support if nifty brakes this level and closes continuously below 7679 then downtrend will continues.

Trade in this below range for week:

If nifty spot above 7793 then 7908 and closing sustain above this level level then 7991

If Nifty spot below 7755 then 7704 and if closing sustain below then 7591

Nifty next week prediction(9th may to 13 th may may 2016)

If nifty spot closes above 7900 then rally can be continue till 8013 other wise 7775 is important support as of now.if brakes this level then it can go further till 7679. enjoy your trading .