NIFTY Chart analysis

• Nifty daily chart shows a range of 5215 - 5448
• For bulls upward momentum will be intact above 20 day SMA
• 2nd chart shows price getting support at the rising support line. The bullish cross of 20 and 50 Day SMA doing well. Price staying above 20 SMA will extend gains for bulls.
• 3rd chart shows price between fib levels of 38.2% - 50%. Last chart shows a possible resistance line in weekly chart which may stop bulls from making bigger gains.

CISCO Weekend update

• CISCO Near 200 Week SMA 
• Weekly candle is also near falling resistance line from 27 through 21 levels.
• Recent breakouts above 200 Week SMA has failed to sustain.
• Crucial support level is near 50 and 100 Week SMA which is at 18 levels.
• BAC WEEKEND UPDATE

Bank of America Weekend update

• BAC Closes the week above its resistance level 8.4
• Breakout does not show an increase in volume.
• Weekly chart is closer to a breakout above the cloud. Recent attempts to breakout above the cloud has failed as seen in the third chart. for a bigger up move price must breakout above the weekly cloud.
• Last chart shows price with possible Fibonacci resistance levels.

GOLD Chart update

• Gold has given a weekly cloud breakout.
• Gold avoided a bearish weekly candle on chart
• Next resistance levels are near 1787 and  1802
• Two resistance levels 1787 and 1802 are near the golden ratio as shown in the last chart.

DOW JONES Chart analysis

 

• Dow Jones daily chart at resistance zone.
• Weekly chart shown with reducing volume as price moves higher.
• Volume analysis hints that this up move may not be a bigger breakout. Above 13340 Dow may hit 13500 levels. Around this level price should hit the resistance line of the rising wedge.
• S&P 500 ANALYSIS AFTER CLOSE

COPPER Chart analysis

• Copper daily chart near previous support level which may act as resistance
• Daily chart is also approaching 200 SMA and Golden ratio. So copper bulls must cross strong resistance levels for extending the current up move.

GOLD Fibonacci Fan

• Gold daily chart with Fib Fan shows price getting resisted at 78.6% Fib line.
• Unable to close the week above the cloud may result in a fall towards breakout level again.
• Previous support line which is broken may act as resistance and a bearish candle at this stage should favor bears for a correction towards breakout level.
• Gold bulls need to close the week above the cloud to avoid the above mentioned correction.
• S&P 500 ANALYSIS AFTER CLOSE