S&P 500 Futures outside the Daily range

• ES Daily chart shows price above the Big rang.
• One hour chart shows previous resistance level acting as support. These levels must hold for bulls to gain more strength.
• Weakness if price falls back below the One hour cloud.

GOLD Daily at golden ratio

• Gold daily chart shows price at possible support line and Golden ratio.
• Bulls are slightly weaker for now as price stands below 200 and 50 Day SMA. More weakness if the above shown levels are not held.
• Possible bounce if price moves back above 50 and 200 SMA from the current levels.

SBI Trend update

 

 

• SBI Took support near Golden ratio.
• Price is also near 200 Day SMA.
• Bulls need not fall below 275 levels and 200 SMA on closing basis. Bears would become stronger only below these levels.
• BEARISH PIN BAR - BANK NIFTY

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GOLD Trend update

• Gold up move was stopped at 100 Week SMA.
• Daily chart continues to look weak. It will turn weaker if price starts to trade below the cloud.
• 4 Hour Time frame will remain weak below the cloud. 

Bank Nifty Support levels

• For BN the 100 SMA and the up trend line is crucial to hold. 

ES in a range

• ES Testing range resistance zone.
• 4 Hour chart shows immediate support and resistance levels.
• One hour falling below the cloud may lead to weakness.

ICICI Bank violating support levels

• The Bearish Pin Bar continues to work well. All crucial supports are getting violated.
• Next crucial levels are the Golden ratio and the previous resistance zone which may act as support.
• To protect the bull market they must stay above 200 SMA.
• BEARISH PIN BAR - BANK NIFTY

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