September 23, 2013

 
  • Crude oil 4 hour chart shows breakdown from triangle pattern. 
  • Daily chart is nearing crucial support zone between 102.10 - 102.70. Fib levels too shows price near crucial fib level of 38.2% Fib level which may act as support. For a bigger fall price has to break below this zone.

 
 
  • Bank of america daily chart is falling towards its 100 Day SMA. Previous resistance level and 38.2% Fib level may also try to support the fall.

  • Close below 200 Hour SMA could give the Next Fib Level of 38.2%. Strength on taking support here and moving above 1702 level.
  • Larger trend will be safe as long as price holds above the 4 Hour cloud.
  • JP Morgan Weekend update
  • BLACKBERRY Weekend update
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  • Previous resistance zone between 60 and 61 may act support.
  • 78.6% Fib level and Daily cloud too may act as support for the current fall of USDINR.
  • BANK NIFTY Chart update
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  • BN Weekly and daily chart shows price testing crucial support resistance zone. 
  • Its an In between kind of level between 10800 - 11300. Strength only on a weekly close above 11300. Weakness below 10800 levels.



  • ES Testing crucial support levels.
  • JP Morgan Weekend update
  • BLACKBERRY Weekend update
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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