CRUDE Oil resistance levels

• Multiple resistance levels for crude oil
• A Daily close above 50 Day SMA may give an extended bounce for crude oil.

NIFTY Intraday update

• Nifty takes support at the zone discussed earlier.
• Price has moved above 20 day sma.
• Bulls will GAIN Strength on day closing back above 20 Day sma.
• Immediate level to watch is the Golden ratio shown in hour time frame.

NIFTY Chart analysis

• Nifty testing the crucial support zone near 6650 levels. 
• Sustaining below 6642 may lead to 50 Day SMA.
• Weekly chart is falling after a bearish PIN BAR at the top, This pattern will be more prominent if price closes below 5 Week Low EMA.
• NIFTY MIDCAP 50 INDEX AND THOUGHTS ON THE ELECTION RESULTS TRADE

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GOLD Chart Update

 

• Resistance levels discussed yesterday for gold has done well so far. Price for now has fallen back to the support zone at 50% Fib level. Bigger move only on breaking these levels on closing basis