NIFTY Intraday update

• Nifty one hour chart shows a bearish cross with 200 and 50 Hour SMA.
• Hour chart also shows a bearish head and shoulders pattern.
• Four hour chart shows price moving towards Golden ratio.

BANK Nifty chart analysis

• Daily chart shows price moving away from 50 Day SMA.
• Second chart shows price approaching 200 Day SMA. Price is also nearing Golden ratio.
• There is a chance of support confluence with 200 SMA and Golden ratio, But one should consider the strong down trend before trying any adventurous trades against the current trend.. 

FACEBOOK Chart analysis

DAILY CHART

• FACEBOOK One hour chart testing hourly cloud and 100 Hour SMA.
• Price sustaining above the hourly cloud should target 38.2% Fib level shown in daily time frame.

CRUDE Oil Inverted head and shoulders

• Crude oil daily chart shows an inverted head and shoulders pattern.
• Weekly chart shows price at the resistance line, Price has consistently got resisted at this line recently.
• Hour chart shows price getting support at the hourly cloud. Weakness on price falling below this cloud.
• S&P 500 WEEKEND UPDATE

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S&P 500 Futures resistance levels

 

• ES Testing resistance line.
• Price also near 100 period SMA and Ichimoku cloud of 41 Hour time frame.
• S&P 500 WEEKEND UPDATE

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SBI Chart analsis

• SBI Weekly chart shows price trading below the up trend line.
• Price nearing its crucial support level of 1976 and Weekly Lower Bollinger Band. If 1976 gets broken  bigger falls can be seen in SBI
• Daily macd is starting to look good for bulls. But price unable to trade above 5 Day High EMA will be negative for SBI Bulls.
• NIFTY WEEKEND UPDATE

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QQQ Weekend update

• QQQ Daily chart shows price near resistance line.
• Price also testing 20 day SMA.
• Price sustaining above 23.6% Fib level may result in a breakout above 20 day SMA and falling resistance line. Weakness on falling below 23.6% Fib level.
• S&P 500 WEEKEND UPDATE

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