RELIANCE Chart Analysis

• Reliance daily chart staying above 50 Day SMA Will favor bulls of reliance and the longs of Nifty.
• But indicators in daily chart is in overbought level. 
• An up move towards 859 level will take stock to the middle Bollinger band in weekly chart. Middle BB may act as resistance.
• Breakout and above 859 and a weekly close above that may give bigger up moves. If price goes to those levels one should also look for negative divergence in MACD which might hint of weakness at higher levels.
• GOLD MOVING TOWARDS THE TRNED LINE
  
• S&P 500 ANALYSIS AFTER CLOSING BELL