- SPY 5 Minutes shows a trading range which has to be resolved for a bigger intraday move to happen.
- For bears price has to sustain below the 30 Minutes cloud for a possible breakdown to happen.
- Daily chart also shows support at 38.2% Fib level.
- ES RESISTANCE LEVELS
October 31, 2012
- Daily chart of BN shows a range breakdown. And if price sustains below 11244 levels we should see Bank nifty slipping below 11000 levels possibly towards 10800 area.
- Daily chart shows 50 Day SMA at 10890 and a GAP just below this line. These two areas may act as support in daily time frame.
- Weekly chart shows a rising support line which may act as crucial support level for BN
- INTRADAY LIVE CHART FOR BANK NIFTY WITH AUTO REFRESH