Daily chart of BN shows a range breakdown. And if price sustains below 11244 levels we should see Bank nifty slipping below 11000 levels possibly towards 10800 area.
Daily chart shows 50 Day SMA at 10890 and a GAP just below this line. These two areas may act as support in daily time frame.
Weekly chart shows a rising support line which may act as crucial support level for BN
SILVER Weekly chart shows the current range of Silver between 23.6% and 38.2% Fibonacci level.
Right now price is testing 23.6% Fib level. If this level is held an up move can be seen.
4 Hour charts show resistance at 50 period SMA and Ichimoku cloud. These levels has to break on the upside for a possible move towards 38.2% Fib level which is the range top. Breaking below 31.45 will extend the correction.
First chart, Daily time frame shows price below support zone of 86.90 - 87.60.
Second chart shows price below crucial moving averages in daily time frame. Sustaining below these levels will extend the fall of crude oil.
Third chart is the Weekly fibonacci levels. Price trying to hold above 23.6% Fib level. Unable to hold on to this level may result in a deeper fall in crude oil. Getting support here may result in a rise towards 89 levels.
Dow Jones weekly chart with the rising wedge shows price nearing the rising support line.
Second chart shows price closing the week below Middle bollinger band or 20 Week SMA. If sustains below this level price could move down towards 50 Week SMA.
Daily chart shows price trying to hold above 38.2% Fib level. Below this level 200 Day SMA may act as support.
First chart of nifty shows price movement inside the range. Bears need a close below 5635 levels, Targets on down side will be the GAP area or the rising up trend line as shown in the second chart.
On weekly closing basis nifty bulls are trying to protect their position above the Golden ratio. If this is broken on weekly closing basis we could see a bigger correction towards 50% Fib level.
First chart shows Price testing crucial support zone.
Second chart shows price Trying to hold above 100 Week SMA.
Third chart shows a parallel support line if the Down move continues.
Last chart shows positive divergence in daily time frame with RSI. If last week's low is held up move may start from here. If the low is broken then up move may start from the parallel support line shown in the third chart.
Daily chart of apple is looking for a bounce from 200 Day SMA. The long shadow of the candlestick at such a significant moving average is likely to give a bounce before the next down move happens.
If the bounce does not go much higher and instead breaks last weeks low at 591 we could see either the lower Bollinger Band or 50 Week SMA as targets on the down side.
IWM Weekly chart shows price testing the up trend line.
Daily chart is testing 100 Day SMA.
Daily cloud has been violated. If price sustains below the cloud bears will be able to break the above mentioned crucial support levels. Bulls need to get back into the cloud to avoid further correction.
S&P 500 Daily chart shows crucial support at the Cloud Base and 100 Day SMA.
Weekly MACD has given a sell signal which will be effective if price trades below 20 Week SMA. 2nd chart shows price getting support at 20 Day SMA.
For next week if price does not hold above 100 Day SMA Price may fall towards the weekly support line shown in the last chart which is near 1387 levels approximately.
