NIFTY WEEKLY OUTLOOK ( 2ND JULY 2018 to 6TH JULY 2018)

Closed  @ 10714

EMA 10 @ 10720

EMA 20 @ 10730

EMA 50 @ 10667

Resistances: 10800,10850,10950

WEEKLY PIVOT: 10700

Supports: 10550,10480,10400

Nifty moved as we expected as trendline worked as strong resistence and falls exactly our last support that was 10550 and reverse and closes at 10700,now there are two cases the first one is if nifty does not trade above trendline and sustain on closing basis then again it can come down toward same levels we mentioned ,as we have seen red hanging man candle on weekly chart which is starting reversal point for confirmation we required next week if nifty trade previous week high then it will be again in same trend and in second case if nifty falls and trade below 10700 then sell on rise strategy will be till 10400.

Please trade according levels .

Thanks

BANKNIFTY WEEKLY OUTLOOK ( 25th June 2018 to 29nd June 2018)

Closed  @ 26766

EMA 10 @ 26515

EMA 20 @ 26418

EMA 50 @ 26064

Resistances: 26800,27200,27600

WEEKLY PIVOT: 26600

Supports: 26200,26000,25600

Dear traders,

For short term banknifty broken higher top higher bottom pattern on daily chart and closes below the lower support of trendline and it came now as resistance, banknifty made inverted hammer on daily chart so the same cases apply in bank nifty as we have analysis of nifty .

Pls trade according levels .

 Thanks

NIFTY WEEKLY OUTLOOK ( 25th June 2018 to 29TH June 2018)

Closed  @ 10821

EMA 10 @ 10772

EMA 20 @ 10742

EMA 50 @ 10660

Resistances: 10850,10950

WEEKLY PIVOT: 10790

Supports: 10770,10670,10550

DEAR TRADERS,

NIfty is still holding 10700 strongly and closed at 10821, nifty made bearish hammer candle pattern on weekly chart and previous week it made inverted hammer on weekly chart and on daily chart still looking consolidation range between 10700 to 10850,trendline is also resisting strongly on daily chart and nifty is still unable to close above this trendline . nifty sustaining above trendline will give fresh move in upside.

Thanks

BANKNIFTY WEEKLY OUTLOOK ( 25TH June 2018 to 29TH June 2018)

Closed  @ 26766

EMA 10 @ 26515

EMA 20 @ 26418

EMA 50 @ 26064

Resistances: 26800,27200,27600

WEEKLY PIVOT: 26600

Supports: 26200,26000,25600

Dear traders,

Banknifty Making higher top and higher bottom chart pattern on daily chart and closed around lower support of this chart pattern and it performed well as we have expected in previous week  ,

This week banknifty should trade above 26800 on daily chart then we will again positive rally. Trade according given levels

Thanks

BANKNIFTY WEEKLY OUTLOOK ( 18th June 2018 to 22nd June 2018)

Closed  @ 26417

EMA 10 @ 26475
EMA 20 @ 26352
EMA 50 @ 25966

Resistances: 26800,27200,27600
WEEKLY PIVOT: 26500
Supports: 26000,25600

Dear traders,
Banknifty Making higher top and higher bottom chart pattern on daily chart and closed around lower support of this chart pattern so this is make and break point for banknifty as we have observed heavy weighted stocks in banknifty does not performed last week so next week we can expect good momentum in banknifty and trade according levels.

Thanks

NIFTY WEEKLY OUTLOOK ( 18th June 2018 to 22nd June 2018)

Closed  @ 10817

EMA 10 @ 10770
EMA 20 @ 10723
EMA 50 @ 10637

Resistances: 10850,10950
WEEKLY PIVOT: 10825
Supports: 10770,10670,10550

Dear traders,
NIfty is still holding 10700 strongly and closed at 10816, nifty making advance block candle pattern on weekly chart and in daily chart it made Hanging man like candle
on daily chart at trendline is also resisting around 10840 as of now if nifty will be able to hold 10800 weekly pivot then it can go in upside up to 10900 and 11200
As maximum open interest is on 10700 PE and then 10600 PC in call side maximum oi is 11000CE
as nifty is very volatile so trade according levels which is acting as strong support or resistence.
Thanks,