My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 25, 2016
Nifty intraday update
- Nifty one hour chart shows price near 6961 which is a crucial number for bulls to hold above. Violation of it could lead to a test of the recent lows.
- Its a strong trend even in the smallest of time frames. 5 Minutes trending below the cloud. Bulls need to break above it to arrest the fall.
- Strength if stays above 7031. Weakness below 6998 as shown in 5 Minutes chart.
- S&P 500 Analysis after closing bell
S&P 500 Analysis after closing bell
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuZ1FVX_2rf9hTs0N1qHFv8Nc6zcTEqB_U_6Eyw7UnonE2nGXCSnVarNV0wudub_v2cr3tyyC7nuZh7K-i2QdvXRlQTzg8bWRwqNbIX7GoVWJcuIrTB8KYDYBw3_5PBDtyaE2co7OIZ3pD/s640/SPX+Daily+02.png)
- SPX One hour took support at 200 Hour SMA. 1830 The reversal area is marked as immediate support zone. Hour likely to remain in a range between 1830 and 1950. Daily chart too shows a cluster or resistance at 1950 levels with 50 Day SMA and 50% Fib level.
- SILVER RESISTANCE ZONE
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