August 19, 2013


  • ES Daily chart shows price below crucial support levels.
  • Further fall in daily chart on breaking below 38.2% Fib level.
  • Immediate resistance in daily chart at 50 Day SMA. Strength only on price moving above this line.
  • S&P 500 Weekend update
  • SILVER Weekend update
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  • Crucial levels for nifty this week on the downside are 
  • 5477 price support, 100 Week SMA at 5462 and Weekly cloud ends at 5442. Beyond these levels more pain for Nifty bulls. So its crucial for Nifty bulls to protect 5442 - 5477 zone on closing basis.
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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