NIFTY WEEKLY OUTLOOK (3rd december 2018 to 7th december 2018)

Closed  @ 10526

EMA 10 @ 10712

EMA 20 @ 10640

EMA 50 @ 10686

Resistances: 10950,11000

WEEKLY PIVOT: 10765

Supports: 10769,10659,10559

BANKNIFTY WEEKLY OUTLOOK (3rd december 2018 to 7th december 2018)

Closed  @ 25999

EMA 10 @ 26420

EMA 20 @ 26124

EMA 50 @ 25989

Resistances: 27200,27500

WEEKLY PIVOT: 26626

Supports: 26600,26312,26024

NIFTY WEEKLY OUTLOOK ( 26th November 2018 to 30th November 2018)

Closed  @ 10526

EMA 10 @ 10589

EMA 20 @ 10556

EMA 50 @ 10669

Resistances: 10750,10850,10900

WEEKLY PIVOT: 10604

Supports: 10480,10422,10302

BANKNIFTY WEEKLY OUTLOOK ( 26th November 2018 to 30th November 2018)

Closed  @ 25999

EMA 10 @ 25994

EMA 20 @ 25790

EMA 50 @ 25849

Resistances: 26400,26600,26800

WEEKLY PIVOT: 26100

Supports: 25900,25729,25560,25231

Nifty made Hammer on weekly chart

Bullish reversal pattern

Long lower wick (2times of real body) and short body with almost no upper wick.

It looks like “T”, candle can be red or green .

Hammer in downtrend is identification high potential reversal pattern as seller exhausted in this candle but it needs to confirm on next candle for trend changing or not.

Last 4 hanging man on nifty weekly chart performed well lets hope for the best.

NIFTY WEEKLY OUTLOOK ( 19 November 2018 to 23rd November 2018)

Closed  @ 10682

EMA 10 @ 10553

EMA 20 @ 10521

EMA 50 @ 10675

Resistances: 10800,11000

WEEKLY PIVOT: 10605

Supports: 10542,10422,10302

BANKNIFTY WEEKLY OUTLOOK ( 19 November 2018 to 23rd November 2018)

Closed  @ 26245

EMA 10 @ 25802

EMA 20 @ 25608

EMA 50 @ 25794

Resistances: 26400,26600,26800

WEEKLY PIVOT: 26000

Supports: 25729,25560,25231

NIFTY WEEKLY OUTLOOK ( 12 November 2018 to 16th November 2018)

Closed  @ 10585

EMA 10 @ 10464

EMA 20 @ 10472

EMA 50 @ 10694

Resistances: 10620,10800

WEEKLY PIVOT: 10560

Supports: 10450,10300,10217

BANKNIFTY WEEKLY OUTLOOK ( 12 November 2018 to 16th November 2018)

Closed  @ 25771

EMA 10 @ 25464

EMA 20 @ 25378

EMA 50 @ 25761

Resistances: 25800,25976,26600

WEEKLY PIVOT: 25720

Supports: 25350,24900,24500

BANKNIFTY MADE BEARISH HARAMI PATTERN

Bearish  harami is made up of two candlesticks. The first has a small  body and the second a large  body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether they are bullish reversal or bearish reversal patterns, all harami look the same. Their bullish or bearish nature depends on the preceding trend. Harami are considered potential bullish reversals after a decline and potential bearish reversals after an advance. No matter what the color of the first candlestick, the smaller the body of the second candlestick is, the more likely the reversal. If the small candlestick is a doji, the chances of a reversal increase.

Banknifty made this pattern on daily chart so if it crosses 25900 then on the basis of this candle pattern it can go up too 26200

This is for educational purpose.