Nifty Fibonacci levels

• Nifty futures hour chart with fibonacci levels.
• The zone between 50% and 61.8% level should give support for Nifty Futures.
• Failing to take support at 61.8% level should bring NF down to 5970 - 5980 levels at least
• INTRADAY LIVE CHART FOR NIFTY
  

Nifty Intraday update

• Nifty Futures is showing a range of 5942 - 6091 With 6001 as the main support level within this range.
• A Bullish zig zag is possible Provided 6001 the higher low is protected.

RELIANCE INDUSTRIES

• Reliance industries has good support at 993 level. 
• 50 DMA of the stock is also situated around the same  level.
• So we can expect some action from here. If 50 DMA gives support we will see 1007 and 1030.
• If 50 DMA breaks we will see 960 levels in RIL.
• INTRADAY LIVE CHART FOR RELIANCE INDUSTRIES WITH EMA
  

Nifty daily analysis

• If the bulls have to avoid a big correction they should push the price above the shooting star pattern created day before yesterday.
• Yesterday Nifty gave some correction followed by the inverted hammer but the bulls managed to make a good comeback.
• So Real weakness is not yet visible. Price is yet to hit the 5 day low ema after the breakout. Weakness only when nifty closes below 5 day low ema.
• NIFTY CHART - BEAUTY OF FIBONACCI  LEVELS
  

S&P 500 Analysis after closing bell

HOUR CHART

WEEKLY CHART

• Hour chart is showing an ascending triangle formation with upside breakout possibilities.
• If the ascending triangle breaks out on the upside it can break the strong resistance shown in weekly chart. 1150 is the level in weekly chart that looks very strong.

S&P 500 Resistance Zone

• S&P 500 Futures 15 minutes chart with resistance area.
• 1142 is the level to cross for the index to make the next up move.
• Till then 1142 will act as resistance as it has done recently.

APPLE hour chart analysis

• Apple today violated its 50 hour moving average after a long time.
• But an hour candle is yet to close below its 50 hour moving average.
• Current fall is followed by a rising wedge pattern formed in hour chart.