QQQQ hour chart with Ichimoku cloud

• QQQQ Hour chart is trading above the cloud.
• Price is near its resistance level at 57.26
• If price closes above this level we may see 59 levels in the coming days
• getting resisted here will be negative
• SILVER DESCENDING CHANNEL
  
  

SILVER Descending Channel

• SILVER Four hour time frame with a descending channel formation
• Immediate resistance for silver is seen between 27.82 - 28.05
• The channel bottom line is acting as support.
• SPY TRIANGLE BREAKOUT
  
  

SPY Price consolidation after triangle breakout

• Price is consolidating after its breakout from the triangle pattern.
• Breakout may achieve the target if the consolidation resolves on the upside.
• Breakdown below 129.40 will be negative. Price falling into the triangle will lead to a busted pattern.
• DOW JONES FUTURES CHART ANALYSIS
  
  

S&P 500 Futures Before opening bell

• ES Daily chart with resistance and supporting lines.
• 1296.50 is acting as resistance for ES.
• Closing above 1296.50 will extend the bull run.
• Breaking below the supporting trend line will be negative for the bulls.
• DOW JONES FUTURES CHART ANALYSIS
  
  

Dow Jones Futures before opening bell

• Dow Jones futures hour chart with support and resistance lines.
• Price is trading in a range of 11910 - 11970.
• violation of this range may give good direction.

Nifty futures hour chart analysis

CHART-II

• NF Breaks the crucial support line in hour chart.
• Price also violated 5600 mark.

CHART-I

• Nifty futures trading near important support line.
• Violation of this line can push nifty down to 5550 levels.
• Getting support here means a rally towards 5750.

Nifty Futures intraday update

• Nifty Futures 15 minutes chart with Fibonacci levels.
• Price is getting support at 78.6% retrace level.
• Break of this level can give a selling opportunity towards the recent low.
• Getting support here may turn NF bullish in the short term.
• BANK NIFTY ANALYSIS
  

BANK NIFTY Bearish engulfing

• Bank nifty has given  a bearish Engulfing candlestick pattern.
• Price hits the resistance line shown in the descending channel post.
• Bulls may try to form the right shoulder of an inverted head and shoulders pattern.
• NIFTY DAILY ANALYSIS

Nifty Daily Analysis

• First chart shows a target of 5550 Only if the recent lows are taken out.
• If 5750 is taken out first we may not see new lows in the short term. A firm close above 5750 will target 5863 and higher.
• Tuesday was a bearish engulfing day. We have to see if it shows its effects today. Normally this candlestick pattern is effective at the top of the trend.
• GOLD NEAR SUPPORT LEVEL