APPLE Support levels

• Apple one hour chart shows 200 Hour SMA near 566.
• Hour chart also shows support near 566 level.
• Price also closing in on 100 Day SMA. For bears need a daily close below this level. Bulls need a reversal candle at this level.

ES Chart analysis

• Price sustaining below the four hour cloud and 50 Period SMA should favor bears to extend the correction towards 50% and 61.8% Fibonacci levels shown in last chart.
• SPY WEEKEND UPDATE

NIFTY intraday update

UPDATE - II

• Channel resistance line discussed below has worked in favor of bears. If the channel support line or 100 Hour sma holds we may see an up move.
• Breaking below both these levels could extend the fall.

UPDATE - I

• Nifty hour chart shows price moving in a sideways channel. Channel has to be resolved on closing basis for bigger moves to happen
• 2nd chart shows price with 100 Hour SMA. Which is crucial for bulls. holding this level Nifty may try to breakout above this crucial resistance zone.
• Breaking below 100 Hour SMA shall result in a breakdown.
• NIFTY WEEKEND UPDATE

RELIANCE Chart update

• Both the daily charts are looking negative with price closing below 50 Day SMA and 20 Day SMA.
• But weekly charts are still giving hope for bulls of reliance. Price need to trade above 715 levels for the weekly chart to stay in favor of bulls.
• Week closing below 695 which is the 5 Week Low EMA will negative this bullish possibility
• NIFTY WEEKEND UPDATE

SILVER Weekend update

• Silver near crucial up trend line and Horizontal support levels.
• If these levels are to be held we may see an up move in silver.
• Daily chart will turnaround only on trading above 50 Day SMA which is a crucial resistance level.