Nifty chart analysis

• 20 Day SMA and 8325 levels are crucial for bulls to hold above on closing basis.
• Bears are looking at RSI to become overbought and a falling resistance line.

ES Chart update

• ES 4 Hour chart shows price falling below crucial support resistance zone. This zone and the 23.6% Fib level shown in chart 2 will act as immediate resistance zone. Support is seen at 50 Day SMA and 50% Retrace zone.

Nifty chart analysis

• Nifty is showing weakness from 50 Day SMA. Immediate support levels are shown for this correction. Close below 20 SMA may extend the fall.

CNX IT Chart analysis

• Price is showing weakness near golden ratio and 50 day SMA.
• MACD is also turning weak. so bears need a close below 200 day SMA for bigger falls to follow.

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EURUSD Trend update

 

• For now the pair is not trending, Instead its in a broad range between 1.04 levels and 1.14 levels. Pair will favour bears on closing below 50 day SMA.

ES Chart update

• 200 SMA Crucial for bulls in One hour time frame.
• 4 Hour chart shows price staying above the neck line. Bulls can reach newer high's if price continues to stay above this zone.

NIFTY Chart analysis

• Nifty bounce continues but price is approaching crucial resistance levels. 2nd chart shows the falling resistance line and 100 Day SMA. Bulls simply needs to sustain above these two level son closing basis to weaken the other bearish possibilities shown in first and last charts.