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