My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 1, 2013
NIFTY intraday update
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivjYEQBIQq5NUmjmde6gChcAAzRPcZbwErO3pOrtecysAMVyxjKV-RVVGl5gHWmbz7-wSj00C1ZHJpaBAU9Lbrwcn91x_B3B_khXb_U58lkAupfSFW_iVshV95LjXxbpbHsAA0l_OKs5A/s640/NIFTY+TRIANGLE.png)
- Price near range Top.
- Intraday Bulls will remain strong above 5935 that is today's GAP.
- Price Sustaining above today's GAP should lead to an upper breakout.
- For bears price falling into the GAP may give a Dip towards 5915 and 5900.
- NIFTY 50 STOCKS FREE LIVE CHARTS
S&P 500 Analysis after closing bell
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTyEMWB2_Dew3OXAgU-wt_xGWXeoxD0BixqaPKas9WSEVe6wKdS94qovnBXJzcrc4CLHy8JLBohXgQDXe864ya_Bvxr8Cn-b3i6r5huo6M4AEaZ1Q3x1HnLizJIFtqNiWlotYl-OSdUzo/s640/spx+hour+cloud.gif)
- SPX One hour chart shows a perfect hammer reversal. Price is nearing the Golden ratio which is expected act as resistance. For bulls price is showing good upward momentum.
- Price closed below the Hourly Ichimoku cloud. Trading above the hourly cloud bulls should be able to extend gains in the coming days.
- FORD MOTOR BREAKOUT
SPY Chart update
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEWRdtfxvLoyxlmbS_W49FWbmL3DW0ei1zmlqCZUdqKtJiE9cqJKMZdI5zanwACEzV3WPcQB2kAgcmQ5YsNgFilfdr0E4IjVpNwGemNPGFCIf3MrGxv0PxALSqwEKUGayh9DD_wdFYmuw/s640/spy+golden+ratio.gif)
- SPY Near 200 Day SMA
- 4 Hour chart shows price nearing golden ratio.
- There are unfilled GAP's on both the sides. If 200 SMA is held the upper GAP will be faded. Below 200 SMA the Lower GAP will be faded and a possible test of the lows near 134 is possible.
- FORD MOTOR BREAKOUT
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