SPY 5 Minutes chart

• SPY 5 Minutes chart shows the day trading in a narrow range after a GAP up.
• Range is between 129.64 - 130.01. Break of 129.64 may lead to 129.20.
• If 129.20 breaks the GAP will fade partially.
• SPY RESISTANCE LEVELS IN DAILY CHART
  

SPY Resistance levels

• SPY May do a classic Retest of the 50 day moving average and then start to fall.
• When important moving averages are broken price often retest them before falling deeper.
• Other resistances for spy are the 50% and 61.8% Fib levels in daily chart.
• So bigger up moves will be possible only if price makes a breakout above these levels on closing basis.
• APPLE WEEKEND UPDATE
  

CRUDE Oil Resistance line

• Crude Oil Hour chart is showing resistance at 104.20 level.
• Hour closing above 104.20 will favor bulls of Crude oil.
• 101 is an important level for the bulls of crude oil to protect. Breaking and closing below 101 will be bearish for crude oil.
• ES Above 200 hour moving average
  
  

S&P 500 Futures before opening bell

• ES Is trying to stay above the 200 hour moving average.
• Price if dips below the moving average and the trend line we may see a correction towards 1270 levels.
• 1296 level will act as the resistance on the way up.
• MSFT WEEKEND UPDATE
  
• APPLE WEEKEND UPDATE
  
  

Nifty Futures Hour chart analysis

HOUR CHART

• Nifty futures hour chart has stopped at an important support line.
• If this line holds we may see an up move.
• Breaking this line will favor bears.

TATA MOTORS Support and resistance lines

 DAILY CHART

• Weekly chart of TATA Motors shows price converging between support and resistance lines. Weekly chart may give good direction soon.
• Daily chart is showing a bullish consolidation pattern. But for this one to work in favor of bulls they need to hold on to the 200 DMA. Slip and close below 200 DMA will favor bears.
• INFOSYS CHART ANALYSIS
  

APPLE Weekend update

• First chart is the daily chart of apple. which shows price below 50 day moving average. If 20 day moving average and 50 day moving average gives a bearish cross we may see bears extending their gains.
• The second chart is apple weekly chart with 20 week moving average. Price does not spend too much time below 20 week moving average.
• Last chart shows trend line in weekly chart which can help the bulls.
• MSFT WEEKEND UPDATE