CRUDE Oil near make or break level

• Crude Oil Four hour chart shows an ascending triangle type of consolidation. This is a bullish consolidation formation.
• Break and close above 107 may target 115 levels.
• If support line gets broken Crude oil will be bearish in the short term.

ES with a GRAVESTONE Doji

• ES Four hour chart is showing a gravestone Doji Candlestick pattern.
• This is a bearish reversal pattern. Price has not able to go above the shadow of this candle yet.
• But one good thing for the bulls is that the breakout happened yesterday is still valid.
• Levels which should be broken by the bears are 1317 and 1313.

Nifty line chart analysis

• Nifty's previous support band was between 5754 - 5766 level.
• On closing basis if nifty sustains above this band trend will continue to favor bulls.
• Price slipping below this level may lead to some weakness.

UNITECH Near 50 day moving average

• Unitech daily is near 50 day moving average.
• Daily chart is forming a Bearish flag pattern.
• If price sustains above 50 DMA things may turn around for bulls.
• Last Update on Unitech: UNITECH ENTERS BEAR MARKET

Nifty Daily Analysis

• Nifty Fibonacci chart shows price crossing 50% level. If week closes above this level we may see nifty moving towards the Golden ratio at 5894. Having said that one has to take a look at the second chart. Nifty during the fall shown on the second chart has made a consolidation during the middle of the fall. But the bulls are yet to consolidate they are doing a faster retrace of the fall. But i am expecting a consolidation to happen soon.