- Dow jones daily chart is shown with the resistance area of 12000 - 12300.
- Bulls are about to clear this level. Price has made a fast rise from the recent fall. Earlier price took support at the base of Ichimoku cloud as shown in the chart.
- If price closes above 12300 the upward momentum will gather momentum.
- Failing to clear this level on closing basis will favor bears.
- 30 Minutes chart of SPY shows price trying to fill a GAP formed during the start of this month.
- GAP will be filled at 132.22
- 5 Minutes chart will favor bulls if price sustains above 131.87.
- Unable to cross 131.87 will favor intraday bear.
- ES Hour chart is showing a range from 1305 - 1314.
- Bullish cross of 50 above 200 hour has worked well for the bulls.
- Price may move up from 50 hour moving average.
- Breaking 1305 will be negative for the bulls.
- SPY WEEKEND UPDATE CLICK HERE
- Nifty spot chart four hour time frame with resistance line.
- Price has to close above this line if it has to move up any further.
- Line chart of bank nifty daily chart shows price moving up after breaking a resistance area.
- Price has made a successful close above 200 day moving average. Now bulls has to follows up.
- Third chart shows Three Occasions of price closing above 200 dma and failing to move up further. A higher close today for BN will extend gains up to 11600 levels. If 200 dma gets broken by the bears things will become Negative for BN again.
- DLF CHART ANALYSIS
