Nifty weekly prediction for 2 nd Jan 2017 to 6th Jan 2017

Closed @ 8185

20EMA @ 8102

50EMA @ 8226

200 EMA@ 8261

Resistance: 8273,8338,

Support: 8136,8072,7989,7906

Bank Nifty weekly prediction for 2 nd Jan 2017 to 6th Jan 2017

Bank Nifty Closed @ 18177

20 EMA @ 18180

50 EMA @ 18560

200 EMA@ 18298

Resistance: 18360,18760

Support: 18151,17918

NIfty Made Piercing line Pattern

A Japanese candlestick bottom reversal signal,bullish in nature and appears at the end of a down trend this is made of two complex candle first candle will be bearish in nature and the second will be bullish in other words we can ay that a strong white candle that closes more than halfway into the prior black candle’s real body.so this is clear indication That you are holding a short position, One can cover short position above the high of the second day's white candle. and  A Fresh long trade can be entered above the high of the second day's white candle. Place a sell on stop order below the low of the pattern to limit your loss, in case the down trend continues to go down. This is second times on weekly chart after 18-12-2015 nifty completed Piercing pattern.

This is not for trading this is for my personal study .Happy new year 2017

Head and Shoulders Chart Pattern

The head and shoulders pattern is one of the most common  trend reversal pattern so it is bullish to bearish trend reversal pattern  once this pattern is formed there is high probability that initial trend will reverse soon. or in other words we can say It  is also important to keep in mind that it occurs after an uptrend and usually marks a major trend reversal when complete. for identifying head and shoulders pattern on chart it needs to be know about left and right shoulder,Head,Nechline, Target and support and resistance and volume is required for confirmation.

we can see this pattern on Nifty daily chart.

Nifty weekly prediction for 26th Dec 2016 to 30th Dec 2016

Nifty made Previous week Harami white pattern on weekly chart and after that completion nifty made three black crows pattern on daily chart back to back 2 times so this is not good sign for buyers and as it made  made spinning top on last day of trading session which could be effect of long short covering or it is feeling that 7950 is good support level from long ago so it can be a reason for bull trap on intraday basis. as per open interrest  8000 PE has large open interest and after that 8300 CE,8200 CE,8100 CE, 7900 PE of this month expiry so we can also take summary that top is also declining as per open interest. this week expiry is also so trade acordingly given levels 7950 is support for this week closing below this level it can go up 7800 and if closing sustain above 7950 then it can go up to 8040 and 8151.
This is for my personal study not for trading.

Closed @ 7985

20EMA @ 8128

50EMA @ 8264

200 EMA@ 8272

Resistance: 8056,8130,8204

Support: 7940,7718

Bank Nifty weekly prediction for 26th Dec 2016 to 30th Dec 2016

Bank Nifty Closed @ 17884

20 EMA @ 18335

50 EMA @ 18700

200 EMA@ 18318

Resistance: 18105,18319,18533

Support: 17689,17300,17000

Nifty weekly prediction for 19th Dec 2016 to 23rd Dec 2016

Nifty made Harami white pattern on weekly chart which  occurs when there is a large bullish green candle on Day 1 followed by a smaller bearish or bullish candle on Day 2. This is a sign that uncertainty could be entering the market. when this type of patterns seen on weekly chart then traders or investors have to go for buy on next day opening or on closing above the downtrend resistance or  trendline which can be support for next trading sessions. A Harami white pattern and a trendline break is a combination that potentially could results in a buy signal. so trade accordingly given below these level .this is for my personal study not for trading.
                                                     Closed @ 8139

20EMA @ 8188

50EMA @ 8314

200 EMA@ 8284

Resistance: 8236,8273,8377,8551

Support: 8084,7916,7816

Bank Nifty weekly prediction for 19th Dec 2016 to 23rd Dec 2016

Bank Nifty Closed @ 18312

20 EMA @ 18541

50 EMA @ 18848

200 EMA@ 18332

Resistance: 18522,18641,18923,19203

Support: 18256,18174,17727,17455

How to trade on Bearish engulfing pattern

A bearish engulfing pattern is a chart pattern through which we can predict that uptrend is going to be end and now downtrend may be start so it is called one of bearish reversal pattern .
A bearish engulfing pattern
It is very often seen on daily, weekly, monthly chart candle consists of a small white candlestick with short shadows or tails followed by a large black candlestick that eclipses or "engulfs" the small white one so it called bearish engulfing pattern.
In other words One small white candle and next candle large black candle that engulf the previous candle.
Some confirmation required before or after bearish engulfing pattern formed

1. Bearish engulfing pattern should be formed in Uptrend
2. If there is previous resistance above the Bearish engulfing pattern then it is good.
3. When Bearish engulfing pattern formed further downside follow through, such as a gap down, long black candlestick or high volume decline.

At least above three have to confirm before taking any trades.
we can analyse the Bearish engulfing

patterns on  Nifty weekly chart 2011 to 2013.

Nifty weekly prediction(12 December to 16th December 2016)

Nifty made Hammer on daily chart which is first sign of bullish reversal pattern but we have to confirm it  on monday closing . if nifty closing sustain above 8300 then it can go up 8500 if closing does not sustain above this then in down side it can go up to 8060-8160.

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  @ 8261

EMA 20  @ 8199

EMA 50  @ 8289

EMA 100 @ 8345

Resistances:  8273,8377,8491

Supports:  8154,8104,7937

Bank Nifty weekly prediction(12 December to 16th December 2016)

Closed  @ 18695

EMA 20  @ 18646
EMA 50  @ 18951
EMA 100 @ 18323

Resistances: 18923,19203
Supports:  18341,18174,17965

List of some Technical indicators For trading and investing in share market

Technical indicators helps to predicts the future price and direction of any stocks or index on the basis of past price movement or patterns.

There are Two types indicators
              1.Leading Indicators:
                                                 Predicts future events and tend to change ahead of that event.

2.Lagging Indicators:
                                 
                                   that follows an event.


List of some Technical indicators For trading and investing in share market:
 

1. Accumulation/Distribution
2. Average Directional Movement (adx)
3. Adaptive Moving Average
4. Absolute Price Oscillator
5. Alligator
6. Aroon Up And Down Indicator
7. Average
8. Average Short, Medium,Long
9. Average Traded Price
10. Average True Range
11. Awesome Oscillator
12. Bollinger Band
13. Band Envelope
14. Bar Value Area
15. Band Width
16. Chaikin Money Flow
17. Commodity Channel Index (cci)
18. Chande Momentum Oscillator (cmo)
19. Chande Vidya Indicator
20. Choppiness Index
21. Coppock Curve
22. Demand Index
23. Double Exponential Moving Average (dema)
24. Directional Moving Index (dmi)
25. Divergence Positive
26. Divergence Negative
27. Donchian Channel
28. Exponential Moving Average(Ema)
29. Fill Indicator
30. Force Index
31. Fractal
32. Gain Swing
33. Heinkin Candle
34. Ichimoku
35. Keltner Atr Band
36. Know Sure Thing
37. Linear Regression
38. Linear Regression Angle
39. Linear Regression Intercept
40. Linear Regression Slope
41. Mass Index
42. Macclellan Oscillator
43. Moving Average Convergence Divergence (macd)
44. Money Flow Index
45. Momentum Indicator
46. On Balance Volume
47. Price Channel
48. Parabolic Sar
49. Performace Indicator
50. Percent Price Oscillator
51. Price Volume Trend
52. Rate Of Change
53. Rate Of Change
54. Rate Of Change
55. Rate Of Change
56. Relative Strength Indicator
57. Simple Moving Average
58. Standard Deviation
59. Stochastic
60. Stochastic Fast
61. Super Trend
62. Triple Exponential Moving Average
63. Triangular Moving Average
64. Triple Exponential Moving Average Oscillator
65. Time Series Forecast
66. Ultimate Oscillator
67. Volume At Price
68. Volume
69. Volume Delta (vol
70. Volume Weighted Average Price
71. Williams % R
72. Weighted Moving Average
73. Welles Wilder's Smoothing Average   

Nifty weekly prediction for 5th Dec 2016 to 9th Dec 2016

Nifty made bearish candle on weekly chart and before this week nifty already made hanging man pattern and on daily chart nifty looks unpredictive as nifty made continuously inverted hammer then dark cloud cover with advance block and in last two days of week it came as selling pressure and  seems very less streght to go in up side. and it closing below 200 ema on continuously on daily chart .
so i would like to remain in trend if selling pressure continues then it can go up 7950 in downside and if deat cat bounce comes from 8100 then it can go up to 8250 in up side and i assume that nifty trading range can be 8277-7916 for this week.
This is not for trading purpose this is for my personal study thanks.

Closed @ 8086

20EMA @ 8210

50EMA @ 8382

100 EMA@ 8409

Resistence: 8217,8256,8391

Support: 8035,7991,7918,7828,7718

Bank Nifty weekly prediction for 5th Dec 2016 to 9th Dec 2016

Banknifty Closed @ 18247

20 EMA @ 18764

50EMA @ 19061

100EMA@ 18888

Resistence: 18668,19029,19389

Support: 18174,17800,17650

How to calculate support and resistance levels

Support and resistance  means price of a stock will tend to stop and reverse at certain predetermined price levels in other words we can say that support is an area from where price of stock is expected to move in up side. and resistence is an area from where price of any stocks is expected to go down side. support and resistence can be calculated for differenet time frame with the help of different tools and different indicators. we will discuss it later,

what is support:
Support levels tend to stop price from falling below a specific point. in other word we can say that support is something that prevents the price from falling further.The Support level will be always below the current market price.

What is Resistance:
Resistance levels act like a price ceiling that price cannot break above. in other word we can say that resistance is something which stops the price from rising further.The resistance level will be always above the current market price.

so we can safely conclude that traders should buy at support and sell at resistence but it has to be done after confirmation as technicals always says everything needs to be confimed.

Types of Support and resistence..,

1. Camarilla Pivot Points
2. Standard Pivot Points
3. Woodie's Pivot Points
4. Demark Pivot Points
5. Classic Pivot Points

1. Camarilla Pivot Points

The Camarilla method was developed by Nick Stott who was a very successful bond trader.

To calculate Camarilla Pivot points all you need is previous trading day’s high low and close value.  Below are the equations for calculation various levels.

C = Previous day close

H = Previous day high

L = Previous day low

H4 = [0.55*(H-L)] + C

H3 = [0.275*(H-L)] + C

H2 = [0.183*(H-L)] + C

H1 = [0.0916*(H-L)] + C

L1 = C – [0.0916*(H-L)]

L2 = C – [0.183*(H-L)]

L3 = C – [0.275*(H-L)]

L4 = C – [0.55*(H-L)]

How to calculate Camarilla Pivot points and how to take trades on these levels:
Camarilla equations take previous day’s high, low and close as input and generates 8 levels of intraday support and resistance based on pivot points. There are 4 levels above pivot point and 4 levels below pivot points. The most important levels are L3 L4 and H3 H4.  H3 and L3 are the levels to go against the trend with stop loss around H4 or L4 . While L4 and H4 are considered as breakout levels when these levels are breached its time to trade with the trend.

============
2.Standard Pivot Points

R3 = H + 2( Pivot - L

R2 = Pivot + ( H - L )

R1 = ( 2 x Pivot ) - L

Pivot = ( H + L + C ) / 3

S1 = ( 2 x Pivot ) - H

S2 = Pivot - ( H - L )

S3 = L - 2( H - Pivot )

Buy when price move above pivot and R1,R2,R3, will be target
Sell when price move below Pivot S1,S2,S3 will be target.
=======================

3.Woodie's Pivot Points

R2 = Pivot + ( H - L )

R1 = ( 2 x Pivot ) - L

Pivot = ( H + L + 2 x C ) / 4

S1 = ( 2 x Pivot ) - H

S2 = Pivot - ( H - L )
Buy when price move above pivot and R1,R2, will be target.
Sell when price move below Pivot S1,S2 will be target.
=================================

4.Demark Pivot Points

If Close < Open Then Price = H + 2 x L + C;

If Close > Open Then Price = 2 x H + L + C;

If Close = Open Then Price = H + L + 2 x C;

R1 = Price / 2 - L

S1 = Price / 2 - H

Buy when price move above pivot and R1 will be target.
Sell when price move below Pivot S1will be target.
 Demark can be also used for expected high and low of stock price  at opening time of market.
=================
5.Classic Pivot Points are:

R4 = R3 +(HIGH-LOW)
R3 = R2 + (HIGH-LOW)
R2 = PP + (HIGH-LOW)
R1 = (2 * PP) - LOW
PIVOT POINT = (HIGH + LOW + CLOSE) / 3
S1 = (2 * PP) - HIGH
S2 = PP - (HIGH-LOW)
S3 = S2 - (HIGH-LOW)
S4 = S3 - (HIGH-LOW)

Buy when price move above pivot Point and R1,R2,R3,R4will be target
Sell when price move below Pivot Point  S1,S2,S3,S4 will be target.


In each pivot points , if price closes above or below  any level then it changes and support becomes resistence and resistence becomes support for exapmle if price moves above pivot level then R1 will act as resistence and pivot level will act as support , if price closes above R 1 level then R2 will act as resistence and R1 will act as support so finally it can be conclude that support becomes resistance and resistence become support as price movement.