ES Resistance line

• ES Daily approaching resistance line.
• Bulls shall stay above this line for extending this up move.
• Getting resisted at this line may result in  correction.
• COPPER TRIANGLE BREAKOUT

COPPER Triangle breakout

TARGETS FOR BREAKOUT

CHART-I

• Copper has give a breakout from the triangle pattern which was discussed in an earlier post.
• Price may give 3.6178 level as first target for this breakout. Sustaining above it will extend this up move in copper.
• MCX Copper chart below this post

MCX COPPER CHART

• Day closing above 415 can extend the current up move in MCX copper. 

Nifty intraday Update

• Bulls has to stay above the golden ratio or 50 Day SMA of daily chart to avoid a fall from here.
• A negative close today should favor bears for extending the correction.
• INFOSYS CHART UPDATED
  
• USDINR UPDATE FOR TODAY

INFOSYS Charts before quarterly results

CHART-II - UPDATED

• Reaction to the news as of now looks bearish. Day closing below 50 SMA and the up trend line will favor bears.

CHART-I

• If the results does not give wild moves one should look at the range that has formed in the charts to go long or short. 
• Upper end of the range is 2894 and lower end is 2810. It's better to take  a position after the news is released so that one does not get trapped on the wrong side. For a positional trade tomorrows weekly close may give more clarity.

SPY Trend Update

• Hour up trend will be safe above 50 Hour SMA.
• Important levels for SPY are 128.38 as support and 129.65 as short term resistance.
• Up trend will be safe if price remains above the dotted trend line and the hourly cloud.
• For bears price need to fall below 50 Hour SMA.
• GOOGLE FALLS TO 50 DAY SMA
• MSFT PAUSES NEAR RESISTANCE LEVEL
  

Microsoft pauses near Resistance level

• Microsoft is pausing near previous top which is 28.13 
• Bulls need a weekly close above 28.13 level for targeting the next resistance which is 29.44.
• A bearish candle at the current levels will favor bears in the short term for a possible pull back.
• GOOGLE FALLS TO 50 DAY SMA
  

GOOGLE falls to 50 day SMA

• Google Weekly chart falls to 50 Day SMA.
• MACD has given a sell signal.
• Daily candle closing below 50 SMA will extend correction.
• Weekly chart is falling after a shooting star pattern.
• Week closing below 619 will be bearish and correction may extend towards middle bollinger band.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  
• CRUDE OIL PAUSES AT GOLDEN RATIO