Nifty support and resistance ( 3rd April to 7th April 2017)

Closed  @ 9173

EMA 10  @ 9113

EMA 20 @ 9056

EMA 50 @ 8871

Resistances: 9188,9241,9494

Supports:  9110,9018,8951,8806

Banknifty support and resistance ( 3rd April to 7th April 2017)

Closed  @ 21444

EMA 10  @ 21232
EMA 20 @ 21036
EMA 50 @ 20472

Resistances: 21700,22000,22400
Supports:  21296,21079,20861,20824,20593

Bank of India Technical analysis

Bank of India Making its Higher top higher bottom pattern and given the fresh breakout and also made bear reversal pattern on weekly chart, it can move upside gradually and in next 7-8 months overall target is Rs 310. In between stock will give stoppage/minor

correction near around rs 165, rs 221 and may give opportunity to make mid term entry. As volume is rising on continuous weekly basis.
Overall looking bullish and investor may enter in the stock for good returns.
This is for my personal education purpose not for trading.

Nifty support and resistance (27th March to 31st March 2017)

Closed  @ 9108

EMA 10  @ 9069

EMA 20 @ 9005

EMA 50 @ 8813

Resistances: 9122,9188,9241,9494

Supports:  9018,8951,8806

Bank Nifty support and resistance (27th March to 31st March 2017)

Closed  @ 21122

EMA 10  @ 20969

EMA 20 @ 20823

EMA 50 @ 20275

Resistances: 21263,21342,21661

Supports:  20824,20593,20450

Nifty weekly prediction (20th March to 24th March 2017)

Closed  @ 9160

EMA 10  @ 9032

EMA 20 @ 8948

EMA 50 @ 8751

Resistances: 9241,9494

Supports:  9150,9112,9041,8970

Bank Nifty weekly prediction (20th March to 24th March 2017)

Closed  @ 21175

EMA 10  @ 20942

EMA 20 @ 20718

EMA 50 @ 20118

Resistances: 21342,21661

Supports:  21019,20806,20509

Nifty weekly prediction (14th March to 17th March 2017)

Closed  @ 8934

EMA 10  @ 8917

EMA 20 @ 8863

EMA 50 @ 8688

Resistances: 8982,8961,9119,9150

Supports:  8891,8827,8764

Bank Nifty weekly prediction (14th March to 17th March 2017)

Closed  @ 20727

EMA 10  @ 20657

EMA 20 @ 20497

EMA 50 @ 19937

Resistances: 20782,21000,21342

Supports:  20657,20400,20142,20077

Best Technical Indicators for Day Trading

Technical indicator is a mathematical calculation based on historic price, information for  forecasting future stock/market direction.
Indicators plays important role in technical analysis, indicators helps  in giving and confirming entry and exit signals for stock/indices . There may be number of different types of

indicators but they all can be categories in  two categories:

1. Leading Indicators
2. Lagging Indicators

                                           Leading Indicators:

Leading Indicators are indicators that lead price movement. In other words, we can say that they indicate the probability of a trend reversal in advance. Most leading indicators measure price momentum over a fixed look-back period. Example of leading indicators are  Commodity Channel Index (CCI), the Relative Strength Index (RSI), the Stochastic Oscillator and the Williams' %R.

                                          Lagging Indicators:

Lagging Indicators, which follow the price movement, are usually trend-following indicators, such as the moving averages (MA) and Moving Average Convergence/Divergence

(MACD).
                                                                                         So leading indicators are usually considered better than lagging indicators because , their predictive nature does not necessarily increase their accuracy or validity.


There are some  Other types of indicators that can be trend indicators, momentum indicators, volatility indicators, market strength indicators and cycle indicators. so we safely

conclude that Different types of indicators can often contradict each other as some are better suited to trending markets while others are better suited to non-trending or ranging

markets. so It is very important that you understand an indicator, what it measures, how it is calculated, and how it reacts to price changes, before you use it for day trading

strategy, Once you know how an indicator works, and how it reacts to price changes, you would be more accurate rather you work on others developed strategies on the basis of

indicators.

Nifty weekly prediction (6th March to 10th March 2017)

Closed  @ 8897

EMA 10  @ 8884

EMA 20 @ 8815

EMA 50 @ 8632

Resistances: 8955,8982,

Supports:  8815,8745,8727

Bank Nifty weekly prediction (6th March to 10th March 2017)

Closed  @ 20495

EMA 10  @ 20586

EMA 20 @ 20370

EMA 50 @ 19770

Resistances: 20782,20947

Supports:  20400,20142,20077