CISCO Breaks 100 SMA

• CSCO Violates 100 DAY SMA.
• If price closes above the day above 100 SMA it may target 200 SMA.
• Price should also stay above 16.49 which is a resistance level.

CRUDE OIL Resistance Line

• Crude oil four hour chart hits the resistance line.
• Breaking above this line can give good up move for crude oil
• Breaking below the dotted line can give good correction.

BIDU Triangle pattern

• BIDU is approaching the resistance line of the triangle pattern
• Price is also trying to stay above 50 day moving average.
• If price falls below 50 SMA we might see a correction towards the bottom of the triangle pattern.
• Price breaking above the support line can give good up move for BIDU.

ES Resistance lines

• 200 Period moving average line is acting as resistance for bulls.
• There is a resistance line from 1347 through 1228 level. Break of this line may lead to the dotted resistance line.
• For now bulls has to deal with the 200 period moving average which is acting as resistance.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  
• SILVER IN A TRIANGLE PATTERN
  

SILVER in a Triangle pattern

• Silver four hour chart is showing a triangle pattern
• Daily chart shows price taking support at 50 day moving average.
• So price may move towards the resistance line of the triangle.
• Bigger breakdown will happen only if price break and close below 50 day SMA.
• SILVER TESTING 50 SMA
  
• BEARISH ENGULFING OF GOLD
  

Nifty Futures intraday Update

CHART-III

• Triangle breakout has given good gains for bulls. 

CHART-II

CHART-I

• Important trend lines and numbers for the bulls of nifty futures to hold on for moving up.
• Click the chart to enlarge.

BANK NIFTY Futures intraday update

CHART - I

CHART-II UPDATED

• Bank nifty futures has given a breakout above the neck line of an IHNS pattern.
• Now price is testing the breakout line.
• If price stays above the line it favor bulls.
• Price falling below the neck line and hours closing below it may lead to a correction.

NIFTY Daily Analysis

• Nifty is moving towards the GAP.
• Stochastic indicator will reach overbought zone.
• Price is about to hit the upper Bollinger band.
• MACD is still in buy mode.
• Bulls shall keep that closing number above 5 Day High EMA for extending the rally.
• Everything hinting towards some more gains for bulls followed by a correction.
• SILVER TESTING 50 SMA
  
• BEARISH ENGULFING OF GOLD
  
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

S&P 500 Analysis after closing bell

• Price in daily chart continued the bullishness shown by yesterdays candlestick.
• Price also closed above 20 Day Moving average, It may target 50 SMA next.
• Possible resistances for SPX now are 50% and 61.8% Fib levels and 50 Day SMA.
• Price is also trying to close above 100 week moving average. Last four attempts to stay above this moving average has failed.
• BEARISH ENGULFING OF GOLD
  
• SILVER TESTING 50 SMA