SILVER Support and Resistance levels

• Silver is bouncing from the recent low 26.02. Bigger correction only if price trades below this level.
• For a bigger up move to happen price has to sustain above 100 week SMA and the dotted resistance line.

CRUDE OIL Weekly Resistance levels

• Crude Oil Weekly chart is moving towards a resistance band of 104 - 105.
• If price hits 105 level it will be an opportunity to sell. Risk reward ration will favor bears of crude oil near the weekly resistance level.

NIFTY Resistance levels

• One hour chart shows 200 Hour sma at 4785
• Resistance in Four hour chart is at 4800 then the falling trend line which might act as resistance.

NIFTY Analysis

• Nifty daily chart shows a possible falling wedge pattern which can give good direction. 
• Price has closed above 5 Day Low EMA. Price is moving up from 78.6% Fib level and if yesterday's Day low is held we may see an up move happening. Staying above the channel in hour chart will also help bulls.
• CNX IT AT THE RESISTANCE LINE
  

CNX IT Hits Resistance line

CHART-II

• CNX - IT Futures has given a breakout from the contracting triangle.
• Now price is moving towards the resistance line or Previous Top which was 6451. Price has to sustain above this level for the breakout to sustain.

CHART-I

• CNX IT Daily chart testing the resistance line.
• Price has also closed near 200 Day SMA.
• Price is in a contracting triangle which should be resolved soon.
• 50 Day SMA is rising towards 200 SMA. If it fails to cross over we might see bigger falls. Bulls too have equal chance for a good breakout. Closing values may confirm the direction of the breakout.
• CNX IT LIVE CHART
  
• NIFTY ANALYSIS
  

EURUSD Trend update

• Trend in weekly, Daily and Hour charts are clearly down.
• Price is moving down in a channel. 
• It has broken below the golden ratio as shown in weekly chart. 1.2850 - 1.2870 level is an important zone from were a decent bounce might happen as marked in the chart. Breaking below this level can take EURUSD Towards 78.6% Fib level.