July 11, 2014

ES Chart analysis

  • ES 4 hour chart testing 200 period SMA
  • Daily chart is testing the up trend line.
  • Price need to get back above the cloud of four hour time frame to avoid a bigger fall.

July 9, 2014

CRUDE Oil Support levels

  • Crude oil testing crucial support levels.
  • Price staying below Hourly cloud will continue to favor crude oil bears.
  • Daily chart if holds above the support levels mentioned may result in a bounce.

NIFTY Chart analysis

  • Nifty Has been diverging negatively for sometime now. Price and RSI shows Negative divergence as shown in 3rd chart.
  • Follow up correction only if price starts to trade below 20 Day SMA.
  • Crucial support levels for the medium term are 7441 and the Rising 50 Day SMA. 

July 8, 2014

EURUSD Chart analysis

  • EURUSD 4 Hour chart holding above crucial support zone.
  • One hour chart must sustain above the hourly cloud for bigger up move to happen.

July 7, 2014

ES Chart update

  • ES 4 Hour and one hour charts with possible support levels

CNX IT Chart analysis

  • CNX IT Doing a fast rise to avoid a death cross in daily chart.
  • Price has moved above a crucial GAP area between 6600 and 6700 levels. Price is also staying above the Golden ratio.
  • Next resistance is at the Crucial round number 10000. More up moves if 10000 - 10150 level is crossed. 

July 4, 2014

S&P 500 Futures chart analysis

  • ES 30 Minutes cloud and Hourly up trend line as Immediate support levels.
  • 4 Hour chart shows crucial support levels. Bulls will remain strong above these levels.

July 3, 2014

EURUSD Resistance levels

  • EURUSD Daily chart getting resisted at 200 Day SMA. Previous support zone in daily chart is acting as resistance.
  • Staying below the daily cloud will continue to favor EURUSD Bears.

ES Chart analysis

  • ES 4 Hour chart shows price continues to sail above the cloud.
  • 2nd chart shows crucial support levels. No weakness till price stays above these levels
  • 30 Minutes cloud shown as immediate support zone.

July 2, 2014

Crude oil chart update

  • Crude oil daily chart shows price below crucial support zone.
  • 4 Hour charts too is testing crucial support levels. Daily close below 104 levels may extend correction.

Bank Nifty Chart analysis

  • Bank nifty continues to remain sideways and also above the up trend line from 10064 levels. Weakness for BN only if price starts to trade below this support line. Closing outside this range may give the next bigger direction. This is a consolidation after an up trend which mostly results in a continuation breakout.

July 1, 2014

EURUSD Support and Resistance levels

  • EURUSD Daily chart with immediate resistance levels. 
  • Weekly chart shows an up move from near the rising support line. If the resistance levels shown in daily charts are crossed then price may move above 1.38 levels.