- MSFT daily chart is looking good for bulls.
- Price if closes above 20 SMA will give a long trade.
- Price is moving up from the support line in weekly chart.
- A long trade towards the resistance line in weekly chart possible.
- GOLD MOVING UP AGAIN
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 27, 2011
MICROSOFT Buy Signal
NIFTY Weekend update
- Last two charts the monthly Bollinger band and the weekly parallel lines shows nifty close to the end of this fall.
- Recent low of 4796 was broken and price came down till 4720 levels. If price manage to stay above 4796 again we may see an up move in nifty.
- But the problem for nifty is the Large cap stocks which are making new yearly lows. So Stocks like reliance, sbi, Tata motors and Tata steel should make a bottom for nifty to do a decent bounce.
- Below 4700 price may move towards 4660 levels. Nifty has the parallel line support Near 4660 level.
- GOLD MOVING UP AGAIN
- BANK NIFTY WEEKEND UPDATE
GOLD Moving up again
- Gold has started to move up again.
- Recent fall of gold took support at 1702 level.
- Now price is back above 1800 levels.
- Closing above 1814 will give good momentum for the bulls of gold again.
- GOLD TAKES SUPPORT
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