ES Chart analysis before opening bell

• ES 4 Hour and Daily is back to recent resistance zone. During the fast fall price bounced from 200 SMA to this zone. If this zone acts resistance another visit towards 200 SMA is possible But for now Bulls are showing some strength.

INFOSYS Chart Analysis

• Infosys daily chart shows support line at 50 Day SMA. Bigger weakness for the stock only if price closes below this line.
• For now Daily Lower Bollinger band is acting as support. Bigger up move above 1142 levels. Weakness only on closing below 50 Day SMA.

IWM Month breakout and Weekly support

• IWM Month chart shows the Breakout from the pattern and Price retesting the pattern resistance line. The resistance line of the pattern is now acting as support. This breakout will be invalidated if price falls back into the pattern.
• IWM Week shows support at 50 Week SMA. Bulls are safe if price stays above this line. Next bigger fall when and if price closes below this line. 

TATA Consultancy Services Chart Analysis

• Month chart shows the big breakout and Correction which has erased half of the gains for bulls. 
• Now weekly chart shows previous high's as possible support zone for this correction. If that zone is not held and price falls back into the pattern then its worse for bulls. Bulls must stay above 2800 levels to avoid bigger bearish possibilities in the coming months.

GOLD Chart update

• Gold 4 hour possibly moving in a bearish flag into the resistance zone.
• Resistance level around 1333 - 1337 zone.

CRUDE Oil chart update

• Crude oil continues to respect the support line and Moving average discussed in weekend update. Till price stay above them a Chance of a bigger bounce exist from the current levels.

NIFTY Trend update

• Nifty Daily is testing 100 SMA and the cloud. Trend will become weaker if bulls are unable to hold on to these levels. But the rule of Bull market above 200 SMA continue to be alive. Major threat to the trend only if 200 SMA gets broken on closing basis.
• NIFTY Weekend update