NIFTY PHARMA CNXPHARMA - Shows positive divergence while it has been in downfall since sometime. Pharma can be a good theme to play for next 12-18 months
NIFTY IT CNXIT is making Higher Swing lows since start of this year in a range bound activity . Currently middle of range , more sideways action till a resolution is in place
NIFTY AUTO CNXAUTO Shows there is more pain left, expanding formation along with Double Top. Stay Light , still some time before we can start "Investing"
GOLD / U.S. DOLLAR XAUUSD - Long term breakout on monthly charts, Gold can target 1500+ if it holds above 1265 Please note that this is a long term monthly chart and does not recommend day trade.
For Monday Sep 25, 2017 S&P 500 Above 2505.6 Go Long For Targets 2509.4, 2511.1, 2515, 2520.1, 2522.2, 2525.6 Below 2498.8 Go Short For Targets 2495, 2493.3, 2489.4, 2484.4, 2482.3, 2478.9
For Monday Sep 25, 2017 DOW JONES INDUSTRIAL AVERAGE (TVC:DJI) Above 22380 Go Long For Targets 22414, 22429.2, 22464, 22508.8, 22527.7, 22558.1 Below 22319.2 Go Short For Targets 22285.2, 22270, 22235.2, 22190.3, 22171.5, 22141.1
For Friday Sep 22, 2017 S&P 500 Above 2503.9 Go Long For Targets 2507.7, 2509.4, 2513.2, 2518.1, 2520.2, 2523.5 Below 2497.3 Go Short For Targets 2493.5, 2491.8, 2488, 2483.1, 2481, 2477.7
For Friday Sep 22, 2017 DOW JONES INDUSTRIAL AVERAGE (TVC:DJI) Above 22389.2 Go Long For Targets 22422.6, 22437.6, 22471.8, 22516, 22534.5, 22564.4 Below 22329.3 Go Short For Targets 22295.8, 22280.9, 22246.6, 22202.5, 22184, 22154.1
For Thursday Sep 21, 2017 S&P 500 Above 2511.6 Go Long For Targets 2515.3, 2517, 2520.8, 2525.8, 2527.8, 2531.2 Below 2504.9 Go Short For Targets 2501.2, 2499.5, 2495.7, 2490.7, 2488.7, 2485.3
For Thursday Sep 21, 2017 DOW JONES INDUSTRIAL AVERAGE (TVC:DJI) Above 22442.5 Go Long For Targets 22475.9, 22490.8, 22525, 22569.1, 22587.5, 22617.4 Below 22382.7 Go Short For Targets 22349.3, 22334.4, 22300.2, 22256.1, 22237.6, 22207.8
POUND STERLING / EURO GBPEUR Weekly Breakout!!! Target zone of 1.2
British Pound/U.S. Dollar GBPUSD Weekly Breakout. Once Breakout level of 1.32826 is tested then can go long for target of 1.5
FTSE 100 Short advised below 7196 only. Longs above 7365, Index in No Trading Zone now
XAUUSD Breakout from triangle on cards, Once moves beyond 1324 then new high expected
Bitcoin / Dollar BTCUSD - Resolution pending , Clarity to come in fews days time till we convincingly breakout or breakdown from the falling triangle
U.S. Dollar/Japanese Yen USDJPY in rising wedge, any breakdown from rising wedge will lead it to test 110.5
For Wednesday Sep 20, 2017 S&P 500 Above 2510 Go Long For Targets 2513.8, 2515.5, 2519.4, 2524.4, 2526.5, 2529.9 Below 2503.3 Go Short For Targets 2499.5, 2497.8, 2493.9, 2488.9, 2486.8, 2483.4
For Wednesday Sep 20, 2017 DOW JONES INDUSTRIAL AVERAGE (TVC:DJI) Above 22401 Go Long For Targets 22434.9, 22450, 22484.6, 22529.2, 22547.9, 22578.2 Below 22340.6 Go Short For Targets 22306.7, 22291.6, 22257, 22212.4, 22193.7, 22163.4