SPY Analysis

• Price sustaining above 200 Hour SMA may lead to a breakout above the resistance line in hourly chart and an up move towards the resistance line in weekly chart.
• If price falls below 200 Hour SMA it may give good correction

DELL Chart Analysis

• Dell is near the resistance line of the triangle pattern.
• A bigger up move will happen if price is able to breakout of the triangle pattern.
• Price is staying above its 50 and 200 Day Simple Moving Average. For this up move to extend price has to breakout above the resistance line.
• Getting resisted at the resistance line or the upper bollinger band will result in a correction towards the base of the triangle pattern.
• ES RESISTANCE LINES
  

SILVER Analysis

• Silver is moving towards the resistance line of the triangle shown in daily chart.
• Price is staying above 50 Day SMA which will favor bulls. A bigger up move will be possible only if price breakout of the triangle pattern.
• Price falling below 50 Day SMA will be negative for silver bulls.

S&P 500 Futures resistance lines

• ES is getting resisted at the resistance line of four hour time frame.
• For bulls price need to stay above this line for continuing the up move.
• Daily resistance line is yet to be tested. Area between these two resistance line it seems will be tough to cross for bulls.

Nifty intraday Update

• Price is getting resisted near 50% Fib level and 50 Day SMA.
• Gap shown in hourly chart may be partially filled before the next up move happen to break above the resistance levels.
• USDINR CHART ANALYSIS
  

NIFTY Analysis

• Up move might happen but between 5000 - 5060 there are many resistance levels. This area has to be crossed for bigger up moves to happen.
• USDINR CHART ANALYSIS