October 31, 2012

 
  • SPY 5 Minutes shows a trading range which has to be resolved for a bigger intraday move to happen.
  • For bears price has to sustain below the 30 Minutes cloud for a possible breakdown to happen.
  • Daily chart also shows support at 38.2% Fib level.
  • ES RESISTANCE LEVELS
-->
  • ES 4 Hour chart with price testing horizontal resistance line.
  • ES at 4 Hour cloud and 38.2% Fib level.
  • DOW JONES WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
-->


  • Daily chart of BN shows a range breakdown. And if price sustains below 11244 levels we should see Bank nifty slipping below 11000 levels possibly towards 10800 area.
  • Daily chart shows 50 Day SMA at 10890 and a GAP just below this line. These two areas may act as support in daily time frame.
  • Weekly chart shows a rising support line which may act as crucial support level for BN
  • INTRADAY LIVE CHART FOR BANK NIFTY WITH AUTO REFRESH
-->


  • UUP Daily chart at the cloud.
  • Price is also testing the Range top and 50 Day SMA.
  • Breakout above 50 SMA shall extend the up move towards 200 Day SMA.
  • Death cross in daily chart may not give bigger up moves for UUP.
  • APPLE WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
-->

October 30, 2012

 
  • SILVER Weekly chart shows the current range of Silver between 23.6% and 38.2% Fibonacci level.
  • Right now price is testing 23.6% Fib level. If this level is held an up move can be seen.
  • 4 Hour charts show resistance at 50 period SMA and Ichimoku cloud. These levels has to break on the upside for a possible move towards 38.2% Fib level which is the range top. Breaking below 31.45 will extend the correction.
  • DOW JONES WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
-->
 
  • First chart, Daily time frame shows price below support zone of 86.90 - 87.60.
  • Second chart shows price below crucial moving averages in daily time frame. Sustaining below these levels will extend the fall of crude oil.
  • Third chart is the Weekly fibonacci levels. Price trying to hold above 23.6% Fib level. Unable to hold on to this level may result in a deeper fall in crude oil. Getting support here may result in a rise towards 89 levels.
  • DOW JONES WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
  • APPLE WEEKEND UPDATE



 
  • Gold four hour chart analysis. Price trending down below the cloud. For a possible up move price must sustain above 50 period SMA and 23.6% Fib level.
  • For a bigger up move price must sustain above the cloud.
  • IWM WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
  • APPLE WEEKEND UPDATE


  • Dow Jones weekly chart with the rising wedge shows price nearing the rising support line.
  • Second chart shows price closing the week below Middle bollinger band or 20 Week SMA. If sustains below this level price could move down towards 50 Week SMA.
  • Daily chart shows price trying to hold above 38.2% Fib level. Below this level 200 Day SMA may act as support.
  • APPLE WEEKEND UPDATE
  • IWM WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
-->

October 29, 2012

 
  • ES Hour chart continue to diverge positively without any meaningful gains for bulls. Smaller up moves are getting resisted.
  • Trading above the Hourly cloud may give a bigger up move.
  • Price is also getting resisted at 100 Hour SMA as shown in the last chart.
  • IWM WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
-->



  • Nifty futures at resistance levels.
  • Rounding bottom redrawn and is shown with possible resistance levels. resistance levels has to be crossed on closing basis for confirming a breakout.
  • NF Has to close above 5745 - 5755 for bigger moves to happen.
  • NIFTY INTRADAY CHART WITH AUTO REFRESH
-->

 
  • First chart of nifty shows price movement inside the range. Bears need a close below 5635 levels, Targets on down side will be the GAP area or the rising up trend line as shown in the second chart.
  • On weekly closing basis nifty bulls are trying to protect their position above the Golden ratio. If this is broken on weekly closing basis we could see a bigger correction towards 50% Fib level.
  • NIFTY INTRADAY CHART WITH AUTO REFRESH
-->

October 28, 2012


  • First chart shows Price testing crucial support zone.
  • Second chart shows price Trying to hold above 100 Week SMA.
  • Third chart shows a parallel support line if the Down move continues.
  • Last chart shows positive divergence in daily time frame with RSI.  If last week's low is held up move may start from here. If the low is broken then up move may start from the parallel support line shown in the third chart.
  • APPLE WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
-->
  • BAC Weekly chart shows a bearish engulfing pattern at 100 Week SMA.
  • Daily chart shows a triangle breakdown.
  • Last chart shows price breaking below daily up trend line. More falls on price breaking below 50 day sma.
  • IWM WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
-->

  • Daily chart of apple is looking for a bounce from 200 Day SMA. The long shadow of the candlestick at such a significant moving average is likely to give a bounce before the next down move happens.
  • If the bounce does not go much higher and instead breaks last weeks low at 591 we could see either the lower Bollinger Band or 50 Week SMA as targets on the down side.
  • S&P 500 WEEKEND UPDATE
-->

October 27, 2012

  • IWM Weekly chart shows price testing the up trend line.
  • Daily chart is testing 100 Day SMA.
  • Daily cloud has been violated. If price sustains below the cloud bears will be able to break the above mentioned crucial support levels. Bulls need to get back into the cloud to avoid further correction.
  • S&P 500 WEEKEND UPDATE
-->
 
 
  • S&P 500 Daily chart shows crucial support at the Cloud Base and 100 Day SMA. 
  • Weekly MACD has given a sell signal which will be effective if price trades below 20 Week SMA. 2nd chart shows price getting support at 20 Day SMA.
  • For next week if price does not hold above 100 Day SMA Price may fall towards the weekly support line shown in the last chart which is near 1387 levels approximately.
  • IWM WEEKEND UPDATE
-->


  • SPY 30 Minutes chart with immediate resistance levels between 141.90 - 142.27
  • Bulls must break above the 30 Minutes cloud for an up move to start.
  • 23.6% Fib level too may act as resistance.
-->

Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore