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