ES Fibonacci levels

CHART-II

• ES has given a bounce from Golden ratio. Closing values can only decide if this is the short term bottom or not. So bulls need a higher close to confirm a turnaround. 

CHART-I

• ES Daily chart shows price at the golden ratio. A pause candle here may show signs of a turnaround. Closing below this level will strengthen bears.
• Hour chart is yet to show a turnaround. Price is trending down safely below the cloud. 

Nifty intraday Update

• Nifty hour chart is out of the channel
• Now price has to sustain above 4765 level for this up move to continue.
• Price staying below 4765 will keep the bears interested.

NIFTY Analysis

• Nifty closed above Day low EMA, But it is still below Week and Month Low EMA's.
• For bears price need to break below 4700 and the recent low(4639)
• Bulls need to sustain above Day low ema. Price closing below Day Low EMA will be negative.

ES Trend update

• ES Four hour chart price trending down below 20 Hour SMA.
• Hour chart too shows strong down move below the ichimoku cloud.
• Every attempt to reverse the trend is being met with selling. There was an attempt to breakout by the bulls, But look how it went down without touching the cloud.
• MICROSOFT WEEKLY TRIANGLE UPDATED
  

SILVER Chart Analysis

• Silver hour is in a consolidation pattern getting ready for a breakout.
• Price in daily chart is showing support at 30.65 levels. Breaking below this level can give a good down move. On the up side price is struggling to close above 50 Day SMA. So an upper breakout may give good result only if it manage to stay above 50 Day SMA: 

MICROSOFT Weekly Triangle Update

• Weekly chart of MSFT shows price approaching the support line of the triangle pattern.
• If the current candle holds above the support line we may see an up move from the support line of the triangle.
• Daily chart shows oversold stochastic indicator which may also result in a bounce.

Channel Update NIFTY and Bank Nifty

• NIFTY and Bank Nifty are closer to their channel bottom lines But to reach there they have to break some more serious support levels. So i don't think price will reach their without giving a pull back first.
• If one see the bank nifty channel, price has halted on a falling support line as of yesterday. If this support line is held we may see an up move.
• For nifty we saw price breaking below 4720 But yet to see big follow up selling. So if bulls manage to reclaim 4720 on closing basis we may see a bounce. Failing to close above 4720 will favor bears.