HEWLETT Packard Weekend update

• Hewlett Packard Daily chart shows price below the cloud.
• Weekly chart has broken below the up trend line and Weekly MACD lines has given a bearish cross.
• Last chart shows price testing 100 Week SMA. Further correction only on price breaking below 100 Week SMA.

NIFTY Weekend update

• Nifty weekly chart has given a bullish hammer pattern. Now a  perfect pattern as the tail looks a bit long. Tail area shows buying support at lower levels, If price starts to fall this zone may act as support.
• 5494 is the Day High EMA which has to be crossed on closing basis. Above day high ema price may target 38.2% Fib level.

ES Resistance levels

• ES 4 Hour chart nearing crucial resistance levels.
• Bears will become weak if price starts to trade above these levels.
• SILVER Chart update