Dow Jones futures hour chart

CHART - II

• Weakness in Dow Jones Futures was evident from the below chart.
• If the correction is limited to 10360 another up move possible today.

CHART - I

• Dow Jones futures is showing some weakness at the top.
• If it comes below last weeks breakout area things could turn in favour of the bears.
• Breakout area is around 10360 so buying may come in before the index reaches there.

Nifty Futures Intraday Update I

CHART - III

• NF Showing some weakness at the top

CHART - II

CHART - I

• Nifty futures is trading in a small range today from 5570 - 5593
• Break of  5593 can take the index higher.
• The support line break of 5570 may get support near 5562. Break of 5562 can give a decent correction.
• DOW JONES FUTURES IS LOOKING WEAK
  

Nifty Futures Intraday Update

• Nifty futures 5 minutes chart is showing support at 5562 Resistance is marked at 5593.
• The index may trade within this range for sometime.
• Since we are at historic high one has to wait for clarity to emerge before taking a decision

Reliance industries support and resistance points

• 958 is immediate resistance for reliance industries. 
• Above 958 reliance will march towards 993.
• Stock should get some help from its 20 DMA. A Break above 20 dma and trading strongly above it can give the stock good upwards momentum.
• LIVE CHART FOR RELIANCE INDUSTRIES
  

Nifty end of day analysis

CLICK THE CHARTS TO ENLARGE

• Nifty's weekly chart is yet to give a breakout.
• daily chart has closed at the resistance line.
• Stochastic indicator is showing good negative divergence despite the good up move we had yesterday. Same with RSI too.
• Trading above 5600 would be great news for the bulls.
• Trading below 5479 will keep the bears happy.

Nifty Futures Intraday Update

• Nifty futures may pause around 5568 region. 5568 is where the line chart channel top comes.
• Any close above this area would be very positive for the bulls.
• But till it is broken we should consider this as supply zone.

Nifty futures hour chart

CHART - III

• Time to book some profit. Or trail it if you want greater profits. 
• The GAP is still intact in hour chart.

CHART - II

• Nifty futures has gone above 5500 as discussed below.
• Now NF has created a gap in hour chart. We have to see if it is a runaway gap or it gets filled today.
• Those who are holding long position should keep 5508 as stop loss.

CHART - I

• Nifty futures hour chart gave this pattern on Friday.
• This pattern in hour chart should take NF well above 5500.