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