US Dollar Moving towards 200 SMA

• US Dollar is moving towards a resistance line and its 200 Day sma in daily chart.
• first hurdle for dollar will be the resistance line. If price closes above it then it may test its 200 Day SMA.

ES Violates the support line

• Support line discussed below has been violated. 

• Price testing the support line 
• Price has fallen below 50 Period moving average.
• Break of the support line will add strength for bears.
• NFLX WEEKEND UPDATE
  
• S&P 500 WEEKEND UPDATE
  
• SPY VOLUME AND INDICATORS ANALYSIS
  

RELIANCE Triangle pattern

• Reliance has given a breakdown from triangle and we saw price come down to 776. But there is no volume change. We have to see a volume breakout soon for validating this breakdown.

CHART-II

RELIANCE CHART-I

• Reliance 15 Minutes chart in a consolidation pattern with price approaching the apex of the pattern.
• Breakout or breakdown may give good direction for the stock and may affect the direction of nifty.

Nifty Futures intraday Update

• Price is forming a broadening wedge pattern in hour time frame
• Up moves from here if happens will be resisted by the top line of the wedge.
• This fall may stop at 50 Hour moving average. There is a support near 4927 levels too.
• RELIANCE INDUSTRIES ANALYSIS
  

RELIANCE Chart Analysis

• The week that ended on Friday was very good for bulls or reliance.
• But Next week bulls has to face strong resistance levels.
• First one is the trend line resistance. They previous support level at 828 which may act as resistance.
• Stochastic is entering overbought level. Price is about to hit the upper Bollinger band.
• Most Important is the 50 Day Simple moving average at 824 levels.
• For bulls price should close above 50 Day SMA.
• Getting resisted at 824 - 828 levels can give a good short trade for reliance bears.
• NIFTY WEEKEND UPDATE
  
• S&P 500 WEEKEND UPDATE