January 1, 2015

APPLE Chart update

  • APPLE closed below 20 and 50 Day SMA.
  • Next crucial support levels in daily chart are 100 Day SMA and the recent swing low at 106 levels.
  • Weekly chart too looks bearish for now. Rising 20 Week SMA is crucial for bulls of apple.

Nifty Analysis on New Year Day

  • Nifty daily and Weekly chart shows crucial support levels.
  • Price for now is testing the immediate resistance levels of 20 and 50  Day SMA.
  • Bulls need few candles above 20 SMA to resume the up move.
  • Weakness on price closing below 100 Day SMA.