February 25, 2016
- Nifty one hour chart shows price near 6961 which is a crucial number for bulls to hold above. Violation of it could lead to a test of the recent lows.
- Its a strong trend even in the smallest of time frames. 5 Minutes trending below the cloud. Bulls need to break above it to arrest the fall.
- Strength if stays above 7031. Weakness below 6998 as shown in 5 Minutes chart.
- S&P 500 Analysis after closing bell
- SPX One hour took support at 200 Hour SMA. 1830 The reversal area is marked as immediate support zone. Hour likely to remain in a range between 1830 and 1950. Daily chart too shows a cluster or resistance at 1950 levels with 50 Day SMA and 50% Fib level.
- SILVER RESISTANCE ZONE