Nifty Futures Intraday update

CHART-II

• 6050 - 6060 levels is giving support.
• Resistances are at 6107 and 6145.

CHART-I

• 6100-6110 of nifty futures will act as resistance in 5 minutes chart.
• So it is sell on rise till this level is breached.
• 6107 level acted as support on friday and is acting as resistance now.

GOOGLE Weekend Update

WEEKLY CHART OF GOOGLE

• Google Daily chart shows break of 20 day moving average.
• Stock has resistance at 630 levels. Weekly chart is showing a reversal from resistance area. This reversal may be an attempt to fade the GAP in daily chart.
• Week chart is showing Support at 579 area.
• RUSSELL 2000 WEEKEND UPDATE
  
• DOW JONES WEEKEND UPDATE
  

Russell 2000 Weekend Update

DAILY CHART WITH AN ASCENDING CHANNEL

DAILY CHART WITH 20 DMA AND SUPPORT LINE

 

• Russell 2000 in daily chart is in a channel formation. Last weeks correction happened inside the channel. Price hasn't violated the support line of the channel yet.
• Main support for the index is at 714 levels. Price is yet to close below the 20 DMA 
• DOW JONES WEEKEND UPDATE
  
• US DOLLAR WEEKEND UPDATE
  
  

NIFTY Weekend Update

•  Main support for nifty is between 5930 - 5940.
• Price is approaching its 50 Day moving average. This MA may give support for the index but the problems is the momentum of the price.
• Breaking 5930 will give fresh lows for nifty. We might see 5850 - 5900 level initially.
• If 5930 - 5940 le or the 50 DMA give support we may see a reversal.
• DOW JONES WEEKEND UPDATE
  

US DOLLAR Weekend Update

WEEKLY CHART OF USD

DAILY CHART

DAILY CHART

• First chart is the Weekly line chart with trend line and resistance line drawn at 79. The supporting trend line was violated recently but price did not sustain below the trend line for too long and came back above it.
• There is a broadening bottom pattern which is developing in daily chart. If this gives a breakout then dollar may start moving up fast. 79 is what the dollar need to close above for moving up.
• Price is finding resistance near the 50 DMA. If price breaks and sustains above this level that can trigger a reversal in dollar.
• Staying below the 50 DMA and closing below the weekly trend line can give fresh lows for US Dollar.
• DOW JONES WEEKEND UPDATE
  

DOW JONES Weekend update

DOW JONES WEEKLY CHART

DOW JONES 4 HOUR CHART

 DOW JONES DAILY CHART WITH MOVING AVERAGE

 

• Weekly chart has turned completely negative. Breakout was confirmed above 11247 but not even a full candle formed above this level.
• The stochastic indicator was showing some negative divergence and the correction followed. Now we have to see if stochastic falls below 80% which can confirm a weekly sell.
• Daily chart has closed below 20 day moving average after a long time. Price closed above 20 DMA when it was around 10200.
• Four hour chart is shown with a trend line break which looks negative. Things may turn positive only if price breaks above the black dotted line shown in the four hour chart.
• S&P 500 IN A CHANNEL
  
  

S&P 500 Futures in a channel

• Channel support line stopped ES from declining further. 

CHART-I

• ES took support at 1191. Channel support comes at 1190 levels which should hold ES from declining further during this week.
• From here we may see an up move towards 1200 levels.