RELIANCE Industries views

• Reliance industries is showing weakness again after getting resisted by its 200 DMA.
• Now good upside movements are possible only above its 200 DMA.
• If the stock breaks 994 levels it can drift down to 958 levels.
• INTRADAY LIVE CHART RELIANCE INDUSTRIES
  

Nifty daily analysis

DAILY CHART

WEEKLY CHART

• Nifty is showing some weakness after closing below its 5 day high EMA.
• But weakness on weekly chart is still not visible, If the present week closes around 5920 levels we may get a shooting star pattern which will be a bearish candlestick pattern. Closing near the high of the week will favour the bulls again.

S&P 500 Analysis after closing bell

HOUR CHART

DAILY CHART

DAILY CHART

• S&P 500  hour chart shows the index breaking 50 hour moving average and closing below 1126 region.
• Price in daily chart  has closed below its 10 day moving average after trading above it for many day's.
• Last chart shows a possible support zone at 1117-1128. So a rally from here is possible unless the index closes below 1117.

S&P 500 hour chart analysis

• S&P 500 hour chart with 50 hour moving average.
• 1126 is the important support area on hourly chart.
• Closing below 1126 and the 50 hour moving average will be negative for the bulls.

S&P 500 Fibonacci levels

• S&P 500 futures hour chart with Fibonacci levels.
• Index is trading near 50% retrace level of the current fall.
• Failing to cross 61.8% may result in a sell off.
• If  Index trades above 61.8% level new high's are possible.
• INTRADAY LIVE CHART FOR S&P 500
  

Dow jones Support and resistance lines

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• Dow Jones Futures 4 hour chart with support and resistance lines.
• Right now price is trying to go through a resistance line which looks very strong. This is the 4th attempt to break through this resistance line, If gets resisted it will be negative for the bulls. Further upsides are possible only after a high volume breakout above this line.

S&P 500 Near 50 hour moving average

• S&P 500 hour chart with 50 hour moving average.
• An hourly close below this average may be the first sign of a trend reversal in hour chart.
• The moving average may give support for the index also.
• INTRADAY LIVE CHART FOR S&P 500