NIFTY Chart update

• Nifty daily chart caught in a small range.
• Closing above 23.6% or below 38.2% Fib levels may give good direction.
• Low EMA of daily chart is yet to be tested. If this level is not violated, up move of nifty is likely to continue.

EURUSD Below 200 Day SMA

 

• Sustaining below 200 SMA the correction in EURUSD is likely to extend
• 4 Hour chart too shows price giving new lows on staying below the cloud.
• Strength only if price is able to move back above 200 Day SMA.

ES Chart update

• Price nearing recent High's
• Weakness for the day only if price starts to trade back below 78.6% Fib level.
• 30 Minutes cloud may also act as support.

FACEBOOK Triangle update

• Facebook one hour chart shows price above the triangle pattern.
• 4 Hour chart shows 100 period SMA as next obstacle for Facebook bulls.
• Price is staying above the 4 hour cloud. closing above 100 period SMA may extend the up move.

S&P 500 Futures chart update

• ES 4 Hour chart with fib level shows price getting resisted at 78.6% Fib level.
• More importantly price is trying to stay above the crucial resistance zone of four hour chart.
• One hour chart shows the resistance zone and fib levels as immediate support zone.

NIFTY Intraday update

• 5 Minutes chart shows trending move favoring bulls. 
• 15 Minutes and 4 hour chart shows possible resistance levels for the up move.
• Bears need to break the 5 Minutes trend line for a possible reversal to happen

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TCS Chart analysis

 

• TCS Trying to move back above its 200 Day SMA.
• Price did not break below the weekly support zone between 1970 - 2011.
• Price also took support near the weekly cloud.
• Bullish for the stock if price is able to close above 200 SMA again. Bearish only on closing below 1970 levels.
• INFOSYS DEATH CROSS AND SUPPORT ZONE

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