August 10, 2010

Dow Jones Futures Resistance line

  • Dow Jones Futures 4 hour chart with resistance line and 50 hour moving average.
  • The resistance line seems to be too strong to break.
  • The index has got support from 50 hour moving average.
  • Only a close below the moving average can turn the trend.

S&P 500 Trend line Support

  • S&P 500 Daily chart with Trend line.
  • The trend line that has given support for the index For sometime may break today.
  • If the index closes below the trend line We may see good correction in S&P 500

Nifty Futures Support line

  • Nifty futures is trading near support line.
  • If the index gets support from here a retest of the recent high's is possible.
  • If the support is broken a good correction up to 5400 levels can be seen

Nifty daily chart analysis


  • Nifty has closed above 5 day high ema.
  • Nifty has also broken a consolidation range and has closed above it.
  • If nifty trades above 5477 it should target 5520 first.