- Bank nifty continues to remain sideways and also above the up trend line from 10064 levels. Weakness for BN only if price starts to trade below this support line. Closing outside this range may give the next bigger direction. This is a consolidation after an up trend which mostly results in a continuation breakout.
- EURUSD Daily chart with immediate resistance levels.
- Weekly chart shows an up move from near the rising support line. If the resistance levels shown in daily charts are crossed then price may move above 1.38 levels.
- Gold 4 hour chart shows price moving in a range.
- 4 Hour cloud may act as support.
- Daily chart shows price trying to avoid a death cross.
- INFOSYS Weekly MACD was looking good until price hit the 20 Week SMA. Now Bulls here need a close above 20 Week SMA on closing basis for a bigger up move.
- Daily chart is trading closer to 200 SMA. Unable to close back above 200 SMA means weakness continues for the stock.
- Most crucial level for infosys to stay above is the weekly range shown in last chart. Staying above this range up moves are possible.
- SPY Daily seeking support at 20 day SMA
- Daily line chart shows price staying above a wedge pattern. Weakness if price falls below 193.54 levels on closing basis.
- Negative divergence in weekly charts has given very little for bears. Weekly chart shows a negative divergence which may result in a small fall followed by another up move.
- As price nears the up trend line BN is moving in a range volatility has reduced. Bollinger band is contracting and all this could change on price hitting the up trend line. Breakout or breakdown from this range may give the next big direction in BN.
- Crude oil 4 hour cloud and support levels in four hour is getting tested. More crucial is the previous resistance zone shown in daily chart, Recent dips to this level resulted in trading bounces. If this level does not hold a bigger fall is possible.
