November 9, 2016

Nifty intraday update

  • Nifty bounced from 8000 levels as shown in weekly chart.
  • Daily chart too shows price bouncing from 200 SMA. Price did violate the line But bears unable to keep price below it.
  • For now Bulls erasing most of the Mornings losses.

S&P 500 Futures Falls as Trump Leads

  • If the lead stay as it is the fall continues.
  • 50 Week SMA is getting tested again. Bears need to stay below this line for a bigger fall to follow.