October 3, 2017

QQQ Technical levels before opening bell

  • QQQ Daily is getting strong support near 100 Day SMA.
  • There is negative divergence with PRICE and RSI In daily time frame. But bears need to close below 100 SMA for a possible trend change to happen in this time frame. 
  • Immediate weakness if day closes below 144.93 levels. On the up side price nearing resistance level again146.59 
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October 2, 2017

RELIANCE Industries Chart analysis

  • Month candle not looking exciting for bulls. Price action near historic resistance levels is looking weak for now.
  • Daily too is trying to make a Top. But all is not lost for Bulls. Daily is nearing crucial support levels around 100 Day SMA and possible channel support around 760 levels.
  • Bears will gain more strength if the above mentioned levels are not held on closing basis. 
  • Bulls may hope to see a bounce from 100 Day SMA.
  • NIFTY CHART ANALYSIS
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September 30, 2017

APPLE Technical Analysis and trading levels

  • Apple one hour may turn positive if price moves above the cloud. 
  • Levels to watch on daily time frame are 155 and the moving averages 20 and 50. Bears need to keep price below 50 SMA to avoid a bigger up move.
  • Levels for bears to break are 152 and 149 levels. Hourly down trend will resume below these levels.
  • ES Weekend update
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ES Weekend update

  • ES Daily chart shows the continuation breakout. 
  • Weekly time frame shows the Negative divergence which stands invalid as of now.
  • 4 Hour chart shows breakout above resistance level 2506. Bulls will remain strong above this level for the coming week. Bears need to fall back below this level for a possible correction to start.
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NIFTY Weekend updated

  • Nifty Week is resting at a crucial price zone. 9700 and 20 Week SMA has to be protected by Nifty bulls to avoid further correction.
  • Nifty bears must defend 50 Day SMA as shown in last chart. Staying below 50 Day SMA Bears will be able to extend correction further.
  • Bearish view will negate only if Bulls are able to get back above 50 SMA again.
  • NIFTY Month Week and Daily charts
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September 29, 2017

ES Analysis after closing bell

  • Crucial support level in daily at 2475 as shown in first chart. Bulls will remain strong above this zone.
  • Immediate Weakness only on price violating the 20 Day SMA and the Price levels shown in Last chart.
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September 25, 2017

ES Weekly time frame analysis

  • ES Weekly chart shows negative divergence. Price is at the top of the range so a small correction is possible. For a bigger reversal in weekly time frame the levels mentioned in chart 2 and 3 must be broken on closing basis.
  • Immediate weakness on staying below 2475 levels.  
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