Nifty support and resistance levels

• Weakness is seen in one hour time frame
• Hourly chart shown with immediate support levels.
• Strength resumes if price moves back above 8905 levels

-->

NIFTY Rising Wedge in hour and Day

• Nifty hour shows possible bearish price action from a rising wedge pattern. But bears need to sustain below 8900 levels for bigger falls to happen in their favour.
• Daily too has a bigger Rising wedge But one has to wait few more sessions to understand how this one takes shape. 

CRUDE Oil weekend update

• Crude oil bulls failed to close near the High's.
• Weakness only if price starts to stay below 50 Day SMA. Upper breakout opportunity exists if price continues to stay above 50 Day SMA. 

-->

ES Weekend update

• Price yet to hit the resistance line.
• 4 Hour chart shows price in a small range. Price may make new high's to hit the resistance line.
• 50 Period SMA acted as support. Bears need a close below this line to start correction in this time frame.

-->

GOLD Bullish price action

• Larger and smaller time frames looking bullish.
• For the short term bulls will remain strong above 1252 levels. Hope for Gold bears only if price starts to close below this level

-->

CRUDE oil chart update

• Crude oil daily candle looks bullish so far. If the current price action stays a Higher close is possible in this time frame, which could lead to bigger up moves.
• 55.24 level is the next challenge for crude bulls to cross above.

-->

NIFTY Resistance zone and Rising wedge

• Nifty daily chart is testing the recent swing High'
• 4 Hour chart shows a resistance line which is part of a Rising wedge pattern.
• Rising wedges are mostly bearish. But as we are close to historic High's anything is possible. Weakness only if price falls below 8700 levels.