GOLD in a range

• Gold ranging in a bullish rectangle pattern.
• Trading above 100 Hour sma will favor bulls.
• Falling below 1583 will be negative. 1532 may save bulls from a bigger correction.

GOOGLE Testing Weekly support line

• Google Testing its support line in weekly chart.
• Week closing below this support line will be negative for goog
• If day shows reversal at the support line a long trade is possible.
• MSFT NEAR TRIANGLE SUPPORT LINE
  

MICROSOFT Triangle pattern

• MSFT Weekly chart with triangle pattern
• Price is approaching the support line of the triangle.
• Daily is still moving down and yet to show a reversal.
• Reversal candles in daily chart near triangle support line may give a long trade.

NIFTY Rounding Top

CHART-III

• NIFTY broke 4758 and took support @ 4728. Bulls need to sustain above 4822 levels for an up move to happen.

CHART-II

• Break below 4822 gave good down move. Next level for bears to break below is 4758

CHART-I

• Possible rounding Top formation in Nifty spot hourly charts.
• Both bullish and bearish possibilities exist at this point of time.
• Closing above 4910 will favor bulls.
• Break below 4822 may give further correction in favor of bears.