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.