March 11, 2014

SPY Trend update

  • Bulls of SPY Will remain safe as long as price stays above the hourly cloud.
  • Price is trading in another bullish rectangle in hourly chart. Close above 188.96 will extend the up trend.

BANK Nifty and USDINR nearing crucial levels

  • Bank nifty is nearing the recent swing high and 78.6% fib level. Recent attempt to clear this Fib level had failed. USDINR Too is testing a crucial support zone.
  • Bank nifty Bulls need The support zone of USDINR To be broken for the current up move to continue.