- Nifty has closed below 200 SMA.
- Bulls now has to try to protect the up trend line shown in weekly chart. Which is going to be a tough task considering the strong down trend in place.
- Month chart need to close below 8269 to confirm or strengthen the bearish engulfing pattern. Already previous month low of 8269 is broken staying below this level will strengthen bears further.
- TATA Steel Chart analysis: CLICK Here
- Weekly MACD of Tata Steel shows a Beautiful bullish cross. For this bullish signal to work price need to stay above the falling resistance line or the channel resistance line.
- Daily chart too shows potential resistance line in 100 Day SMA. So more strength only on closing above these two levels.
- Nifty Chart analysis: CLICK Here
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- EURUSD Daily shows different price action at 50 Day SMA.
- Bulls needs to do more and breakout above the cloud to confirm short term strength.
- If this up move continues price may test 1.10 levels and 100 Day SMA.
- ES shows price trying to move above resistance zone. Hour chart is crucial here in the very short term. Price if stays above 50 Hour SMA should lead to a breakout. Hour closing below 50 Hour SMA before breakout may lead to weakness.
- Like Nifty infosys also testing its 200 SMA. Here the price action looks more bearish. As USDINR Reaches a crucial resistance zone the movement of that pair will have an impact on the stock.
- Hold 200 SMA to avoid bigger falls. OR Break below 1890 for bigger falls to happen.
- USDINR At Weekly resistance zone: CLICK Here
- INFOSYS Analysis before results: CLICK Here
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- Nifty daily and weekly at crucial support zone. One has to wait and see how price reacts from 200 SMA to determine the next big direction.
- INFOSYS Analysis after results: CLICK Here
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- USDINR Chart testing a weekly resistance zone around 64 levels. This can also turn out to be a bullish area for the pair if a breakout and close happen on daily chart.
- NIFTY Chart analysis: CLICK Here
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