S&P 500 Trading below 20 DMA

• S&P 500 is trading below its 20 Day Moving Average.
• A daily close below this average will be negative for this index.
• Last two times the closing below 20 DMA has given good results for the bears.

Nifty spot 30 minutes chart in a channel

UPDATED CHART - 3

UPDATED CHART - 2

• Nifty 30 minutes chart inside a channel
• It will give direction soon.
• EDUCOMP SOLUTIONS LTD WEEKLY CHART

Nifty Futures with negative divergence

• Nifty futures 4 hour chart is showing a fall after negative divergence
• Now the close for today should be above this trend line for the bulls to be in a safer zone.
• THE BROKEN CHANNEL OF NIFTY
  

Educomp Solutions LTD

• Educomp had a nice up move for two weeks.
• The stock is now approaching its weekly channel resistance.
• Those who hold long positions should be careful.
• But the stock if closes above the channel resistance can move till 690 levels too.

Nifty daily chart analysis

NIFTY FUTURES

• Nifty spot daily chart is trading in a raising wedge and will give direction soon
• Nifty is also trading between the 5 day high and low ema for the last 3 days without giving proper direction.
• Nifty futures range is also contracting so i feel a big explosion is about to happen in the coming day's. May be the raising wedge will give an early indication to which side it is going to be.