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.

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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