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

  • 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.


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.


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