January 1, 2013


  • For the current up move may find resistance at 20 and 100 Day SMA.
  • Weekly charts also shows resistances at 13300 and the Weekly Middle bollinger band.



 
  • Price near range Top.
  • Intraday Bulls will remain strong above 5935 that is today's GAP.
  • Price Sustaining above today's GAP should lead to an upper breakout.
  • For bears price falling into the GAP may give a Dip towards 5915 and 5900.
  • NIFTY 50 STOCKS FREE LIVE CHARTS
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  • SPX One hour chart shows a perfect hammer reversal. Price is nearing the Golden ratio which is expected act as resistance. For bulls price is showing good upward momentum. 
  • Price closed below the Hourly Ichimoku cloud. Trading above the hourly cloud bulls should be able to extend gains in the coming days.
  • FORD MOTOR BREAKOUT
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  • SPY Near 200 Day SMA
  • 4 Hour chart shows price nearing golden ratio.
  • There are unfilled GAP's on both the sides. If 200 SMA is held the upper GAP will be faded. Below 200 SMA the Lower GAP will be faded and a possible test of the lows near 134 is possible.
  • FORD MOTOR BREAKOUT
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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