- ES Hour continues to be in a range.
- Hourly cloud acting as support for ES Bulls.
- If the Cloud does not break on closing basis A Bullish move out of the range is possible. Break below 2541 can give 10 to 15 points on the Down side.
October 11, 2017
- Nifty Week shows price in a 450 Plus range. Weekly MACD Has a sell signal. So any up swing inside this range should be watched cautiously.
- Hour up swing is getting tested.
- Up move may resume if price gets support at 30 Minutes cloud. Otherwise a bigger correction is possible.
- NIFTY Weekend update