Nifty daily chart analysis.

• Yesterday's nifty chart shows the largest volume day in recent months and it was a bullish day ending near the high of the day.
• 2nd chart shows the price advancing towards the top of the broadening pattern.
• Closing above 6284 nifty should cross 6400 next week. Sometime during next week nifty may find resistance near the top of the broadening pattern.
• RELIANCE INDUSTRIES ENTERS THE RESISTANCE ZONE
  

S&P 500 Analysis after closing bell

SPX WITH GOLDEN CROSS

DAILY CHART WITH WHITE MARUBOZU

DAILY CHART WITH ASCENDING TRIANGLE

• Unlike the death cross that spx had recently which did not do any favour for the bears, The golden cross seems to be giving good returns for the bulls.
• The way the index closed. It nearly missed a white marubozu. a white marubozu shows the extreme conviction among buyers.
• Third chart shows an ascending triangle breakout. Yesterday's closing above 1196 did gave a clue of what's going to come.

Dow Jones breaks out of a diamond

• Yet another Diamond pattern that break out on the upside.
• I was looking for a downside break. 
• Closing the day above 11285 will confirm a bullish breakout. Right now index is trading well above 11300. But we have to get the confirmation on closing basis.

GOLD close to the all time high

• Gold may hit another all time high soon.
• 1387 in weekly chart will remain as a resistance area. But today's price action seems to be have enough momentum to take out 1387.

Dow Jones breakout in weekly chart

• Dow Jones weekly chart.
• Index is trading near 11400. So in all likelihood Dow will close the week above 11257.
• close above 11257 will confirm a breakout in weekly chart as well. 

Trend is your friend - USDJPY

• USDJPY daily chart with the resisting trend line.
• Currency pair will remain under pressure as long as it stands below this trend line.
• Break of 80.24 may trigger the next down move for this pair

APPLE Daily chart analysis

• Apple is showing a resistance level of 318 and the main support now is at 300
• Next upward push for Apple will come when the stock crosses 318.
• Crossing 318 will push apple towards 330 levels.