NIFTY Intraday update

• Nifty hour chart shows price continues to stay above the support zone.
• Strength only on price moving above 50 Hour SMA. Possible fib resistance levels shown in last chart.

BANK Nifty Chart update

• Chart 2 and 3 shows crucial support levels for daily time frame.
• Chart 1 the weekly time frame shows the resistance zone. Resistance zone is likely to be challenged only after the news event is over. If price stays above the short term support levels another up turn is possible.

GROUPON Weekend update

• Groupon Weekly chart shows price nearing the crucial golden ratio. Weekly chart is yet to hit this level and it's yet to show a reversal.
• Daily charts are showing positive divergence But price yet to confirm a reversal. Price trading above the channel shown in last chart may give a reversal for Groupon.

EBAY Weekend update

 

• EBAY Testing 100 Week SMA and Weekly cloud.
• 2nd chart shows the crucial weekly range. Price has given 2 false breakouts from this range. If price gives another breakdown along with a close below 100 Week SMA and Weekly cloud a bigger breakdown is possible. 

BLACKBERRY Weekend update

 

• Blackberry Daily chart shows price near falling resistance line. Sustaining above this line on closing basis may take BBRY towards 8.95 levels. 8.95 is the support level of a previous range.
• Price has also moved above 23.6% Fib level. Sustaining above this level it may target 38.2% and 50% Fib levels.

QQQ Weekend update

• QQQ at crucial resistance zone.
• Daily close above these levels may give an up move.
• Key tech stocks like Facebook are testing similar resistance levels.
• Daily candle is showing weakness, Break below 87 levels may give bigger correction.

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ES Chart analysis

• ES 4 hour chart shows weakness at resistance zone.
• Price is testing hourly cloud. Price closing below the cloud may give a bigger fall.
• Immediate support level shown with fib levels in 4 hour time frame.