Dow Jones futures before opening bell

UPDATED CHART

• At least One bar should close above 10680 for confirming a breakout
• Trading above 10680 will target 10720 and 10750 levels of Dow Jones Futures

• Dow Jones Futures 4 hour chart with resistance zone.
• 10660 - 10680 has resisted the index from moving ahead.
• A good volume break out above this zone may expand the trading range to higher levels.

Nifty futures support and resistance

UPDATED CHART

• Nifty futures has given a breakout. 
• May rally till 5481. Can expect good momentum above 5481.

• Nifty futures 30 minutes chart with support and resistance
• The index may find resistance between 5460-5470 area.
• Only a good volume break out above this zone can give a meaningful rally on the upside.
• There is a supporting trend line shown in the chart. So NF will soon give good direction from the apex of this pattern.
• TATA MOTORS TRADING IN A CHANNEL
  

TATA MOTORS in a channel

• Tata motors share has been trading in a channel for many months now.
• Right now the weekly chart is showing a shorting opportunity as the stock is trading near the channel resistance line.
• One can go short around 915 levels with a small stop loss. Here the risk reward ratio is huge one can book profit at the middle of the channel.
• The above trade idea is based on the channel. If the channel breaks out and closes above it one should use the stop loss.

Double top in nifty futures

• There is a potential double top formation in nifty futures line chart.
• If the index stays below 5452 will work well. Break of 5426 will give momentum for the down move.
• If price goes above 5471 the pattern is invalid.

RELIANCE INDUSTRIES Support Line

RELIANCE INDUSTRIES WEEKLY CHART

• Reliance Industries is trading close to an important support line.
• It is a good opportunity to go long with a small stop loss. 
• One should also consider the opportunity of going short if the support line breaks.
• Both trades are possible Safe entry above 1025 go long. Below 975 go short.

Nifty Hourly chart update

• Nifty futures has resistance at 5471.
• For the up move to sustain nifty futures should trade above 5471.
• An hourly close above this level will be good for the bulls. 
• Failing to cross this level will be bearish in the short term.

S&P 500 Analysis after closing bell

HOURLY CHART

• The daily candle has given a doji showing indecision.
• The hourly chart has been doing a side way's consolidation for quite sometime now.
• The hourly line chart shows the importance of a trend line.
• If there is a correction from here the trend line may  support the index again.