S&P 500 futures before opening bell

• ES in a range of 1162 - 1182 with attempts to breakout and breakdown.
• Those attempts to move ahead have failed so far and price is still in this range.
• It seems Market is waiting for some big news for making the next move. Only a daily close outside this range can confirm a breakout or breakdown.
• TRIANGLE OF DOW JONES
  

Nifty Futures Intraday update i

• NF showed a negative breakdown and now back above the support line.
• Bulls will gain momentum only if they stay above the red line and the most important trend line the black one.
• Price should trade above 6100.

GOLD: Rally possible above 1350

• Gold dipped a bit in the past few weeks. But it seems the trend line will hold.
• If the trend line holds and if 1350 is crossed a good rally can be seen in this commodity.
• ASCENDING TRIANGLE OF SILVER
  
  

SILVER: Support and resistance lines

CHART-II

• Breakout from ascending triangle crossed the first resistance at 24.50 and closed above it. the closes seems to be strong, so price may cross 24.91 next week.

CHART-I

• Silver 4 hour chart with support and resistance lines
• 24.07 is an important resistance are for silver.
• above 24.07 main resistances are 24.50 and 24.91.
• An Ascending triangle has formed in this chart.
• GOLD MAY GIVE A RALLY ABOVE 1350 CLICK HERE FOR THE CHART
  

Nifty Futures Intraday update

CHART-II

• The Descending triangle gives a support line break favouring bears.
• Now the larger fall will be possible if 5937 breaks

CHART-I

• Nifty futures 30 minutes chart with a descending triangle.
• Pattern also shows two false breakdowns. 
• Bears may be lucky the 3rd time. If they does not do a big breakdown soon a sharp up move is possible.
• Descending triangles are known to break below favouring bears Lets see how this one goes.

Nifty Daily Analysis

• First chart shows a negative candle at the top of the range and after that there was not a single day which closed above 5 day high EMA. Most of the action shifted to 5 day low ema giving chance to sell on rise.
• Next chart shows price closing below 20 DMA. Shortly if this down move is not stopped price will have an encounter with 50 DMA.
• The best trades are done when two or more set ups come together. Look towards the left side corner of the chart A HAMMER ON THE 50 DMA which is an easy long to take with a small stop loss.
• We had a similar set up in nifty futures intraday chart. A Trend  line and the 50 hour moving average came together to pull the index down.
CLICK HERE FOR NIFTY FUTURES CHART

EURUSD above 20 DMA

• EURUSD daily chart with 20 DMA.
• Pair has crossed above 20 DMA and is now moving towards the top of the triangle pattern.
• Currency pair may find resistance near the top of the triangle.