GOLD Resistance levels

 

• Gold daily chart with resistance levels.
• Price near daily cloud and 50 Day SMA Which has acted as stiff resistance level so far. 23.6% Fib level may also acted as resistance.

ES in a range

 

• ES Shows a small range around the 78.6% Fib level.
• breakdown should take price towards the Golden ratio again. Breakout should takeout the recent high.

SBI Intraday update

UPDATED CHART

• Breakout turned out to be a false spike out of the channel. When pattern fails it mostly gives good trades on the opposite side. Price re-entering  the pattern is a good place to take a short in this case. 

• SBI Has given  a channel breakout shown in 15 Minutes time frame.
• Immediate targets or resistance levels are 2071 and 2084

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BANK Nifty Chart update

• As shown in the last chart if price continue to sustain below 11125  -  11225 zone bears will gain further strength.  
• For bulls the task is simple, Price has to move back above 50 Week SMA and the above mentioned zone for a possible up move towards the broken up trend line shown in first chart. 
• Sustaining below 11125 - 11225 should lead to 10900 , 800 and 700 levels.