CRUDE Oil resistance levels

• Multiple resistance levels for crude oil
• A Daily close above 50 Day SMA may give an extended bounce for crude oil.

NIFTY Intraday update

• Nifty takes support at the zone discussed earlier.
• Price has moved above 20 day sma.
• Bulls will GAIN Strength on day closing back above 20 Day sma.
• Immediate level to watch is the Golden ratio shown in hour time frame.

NIFTY Chart analysis

• Nifty testing the crucial support zone near 6650 levels. 
• Sustaining below 6642 may lead to 50 Day SMA.
• Weekly chart is falling after a bearish PIN BAR at the top, This pattern will be more prominent if price closes below 5 Week Low EMA.
• NIFTY MIDCAP 50 INDEX AND THOUGHTS ON THE ELECTION RESULTS TRADE

-->

GOLD Chart Update

 

• Resistance levels discussed yesterday for gold has done well so far. Price for now has fallen back to the support zone at 50% Fib level. Bigger move only on breaking these levels on closing basis

ES Chart analysis

• ES 4 Hour chart shows price testing resistance zone.
• 4 Hour cloud acting as support.

APPLE Hourly chart analysis

• Apple one hour chart shows price near 23.6% Fib level and hourly cloud. If price stays above 23.6% this up move can continue.
• Break and close below 23.6% may lead price towards the GAP.

CNX IT Chart analysis

• Daily chart testing 200 Day SMA.
• Weekly too looks oversold and is at Lower bollinger band.
• If the above mentioned levels does not hold the fall can extend towards 38.2% Fib level Shown in chart 2 before a bounce can happen. Bulls must hope for a bullish candle at 200 SMA for a bounce to happen. 
• NIFTY MIDCAP 50 INDEX AND THOUGHTS ON THE ELECTION RESULTS TRADE

-->