S&P 500 Before opening bell

• ES Hour chart in a descending channel.
• 1201 is the resistance level and 1191 is the support.
• If price goes above 1201 it has to breakout of the channel for favouring bulls. But the trend in hour chart is down so sell on rise may continue for a while.
• Breaking 1191 will give fresh lows. Price may slip below 1185. 
• US DOLLAR WEEKEND UPDATE
• RUSSELL 2000 WEEKEND UPDATE
  
• GOOGLE WEEKEND UPDATE
  
  

Nifty Futures EOD update

CHART-II

• Nifty futures still within the range mentioned in the below chart.

CHART-I

• Nifty Futures is showing a range of 6056 - 6143
• 6107 is the important level within this range as this range acted as support and resistance from friday.
• Large movements in can be expected only when this range gets resolved.

Unitech in a range

• Unitech in daily chart shows a broad trading range of 64 - 98.
• Stock broke out above 98 for a brief period and then sold off into the range.
• Stock was trading in a channel in daily chart which has broken down. If 76 does not hold then stock on closing basis price may move towards the bottom of the range.
  
  

Nifty Futures Intraday update

CHART-II

• 6050 - 6060 levels is giving support.
• Resistances are at 6107 and 6145.

CHART-I

• 6100-6110 of nifty futures will act as resistance in 5 minutes chart.
• So it is sell on rise till this level is breached.
• 6107 level acted as support on friday and is acting as resistance now.

GOOGLE Weekend Update

WEEKLY CHART OF GOOGLE

• Google Daily chart shows break of 20 day moving average.
• Stock has resistance at 630 levels. Weekly chart is showing a reversal from resistance area. This reversal may be an attempt to fade the GAP in daily chart.
• Week chart is showing Support at 579 area.
• RUSSELL 2000 WEEKEND UPDATE
  
• DOW JONES WEEKEND UPDATE
  

Russell 2000 Weekend Update

DAILY CHART WITH AN ASCENDING CHANNEL

DAILY CHART WITH 20 DMA AND SUPPORT LINE

 

• Russell 2000 in daily chart is in a channel formation. Last weeks correction happened inside the channel. Price hasn't violated the support line of the channel yet.
• Main support for the index is at 714 levels. Price is yet to close below the 20 DMA 
• DOW JONES WEEKEND UPDATE
  
• US DOLLAR WEEKEND UPDATE
  
  

NIFTY Weekend Update

•  Main support for nifty is between 5930 - 5940.
• Price is approaching its 50 Day moving average. This MA may give support for the index but the problems is the momentum of the price.
• Breaking 5930 will give fresh lows for nifty. We might see 5850 - 5900 level initially.
• If 5930 - 5940 le or the 50 DMA give support we may see a reversal.
• DOW JONES WEEKEND UPDATE