S&P 500 Futures chart analysis

• ES moving towards possible resistance area. Price moving towards previous range as shown in last chart. Bigger up moves can happen only if price clears this range. weakness near range bottom may resume the fall.

Silver resistance levels

• Confluence of resistance for silver. Weakness here may result in correction again.

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GOLD Resistance levels

• Gold weekly chart shown with possible resistance levels.
• For a bigger bounce to happen price must break and sustain above weekly cloud.

APPLE Bearish pattern

• Apple weekly shows a possible head and shoulders pattern. For bears price need to close below the weekly cloud for bigger falls to happen.
• For now price is in a range as shown in the daily chart between 38.2% and 61.8% Fib levels.

S&P 500 Futures trend update

 

• ES nearing crucial support zone. Weekly trend line is broken but the bullishness will remain till price break below the shaded support zone shown in 2nd chart. Price staying below the weekly cloud will also keep the bears interested.
• Resumption of the major trend if price moves back above the weekly cloud.
• FACEBOOK BEARISH ENGULFING

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Nifty support and resistance levels

• GAP and range high near 8100 levels will remain strong resistance levels. Supports are 100 Week SMA and 38.2% Fib level in month chart.

Tata Steel trend update

• Trend of tata steel remains strongly in favour of bears But for bulls there is hope in 190 levels. Month chart shows price holding on to this level so far But there isn't any signs of strength yet which is a sign of worry for bulls.
• There is positive divergence but the bounces are small and new lows continues to be formed. 190 levels if not protected will be big negative event for bulls of Tata steel. 
• TATA MOTORS CHART UPDATE

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