NIFTY Chart analysis

• Immediate support levels for nifty at 7563 and 7504.
• MACD Histogram and price shows negative divergence For this to work price has to close below 5 Day Low EMA and the above mentioned support levels.
• If price stays above these levels the negative divergence is likely to fail.

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GOLD Chart update

• Gold Daily time frame shows price pausing at 20 Day SMA.
• 4 Hour time frame also shows price pausing at 38.2% Fib level and cloud.
• Gold bulls need to close above these levels to target 1280 zone. Weakness here may resume the down move.

ES Chart update

 

• ES 4 hour chart with support levels
• Weakness if price starts to trade below the up trend line.

EURUSD Weekly support levels

• EURUSD trading near crucial support levels in weekly time frame.

CRUDE Oil at resistance zone

• Crude oil daily chart shows price testing the resistance zone. Daily chart looks like a Bullish ascending triangle, But the chances of a Triple to cannot be ruled out as well. 
• Weakness can be confirmed if price falls back below the four hour cloud again.

Bank nifty chart analysis

 

 

• BN is showing negative divergence But corrections thus far are shallow and limited to 20 Day SMA. So a bigger fall only if 20 day SMA is broken on closing basis.
• If 20 SMA is broken then price is likely to move sideways in a range as shown in first chart.

EURUSD Chart analysis

 

• EURUSD Daily and weekly chart shows pair moving towards Horizontal and Rising support lines. Bigger fall in EURUSD Only if these levels are not held.