ES Fibonacci levels

• ES may face resistance at 23.6% retrace levels for this fall.
• This is also the breakdown level for the consolidation in hour chart. 
• So a turnaround for bulls might happen above 1307 level

GOLDMAN SACHS Near Weekly support level

• Goldman Sachs is near its previous weekly low 129.50
• 2nd chart shows oversold stochastic in weekly time frame and price near previous low might result in a bounce.

ES Near a trend line in daily chart

• ES is approaching a trend line in daily time frame
• 1290 is an important support resistance level which may coincide with the trend line and price may give a bounce from here.
• Break of the above mentioned level may push price to the 200 Day moving average. When a stock meets its 200 DMA after a long gap it results in a good trading bounce.

NIFTY SPOT At an important Resistance level

• Nifty spot at 5600
• Now it has to either make or break.
• Close the day above 5600 - 5635 we move above 5700 in the coming days.
• Close the day below this level will attract selling.

APPLE Testing Resistance line

• Apple testing resistance line in daily chart.
• If price stays above 20 day moving average a breakout above the resistance line is possible.
• One can go short on a close below 20 day moving average.

ES Bear Flag

CHART-II

• Bear flag breakdown. ES may find support at 1302 level

CHART-I

• If the bear flag works well for bears price can reach 1302 level. This level has good support.
• If Flag fails and an upper breakout happens then 200 Hour moving average and cloud may act as resistance.
• ES DAILY CHART ANALYSIS
  

STATE BANK OF INDIA approaching channel resistance

• SBI Four hour time frame with the descending channel.
• Price is near the channel resistance.
• So this move will face resistance at around 5370 levels.
• For bigger up move to happen price should break the channel on the upside.
• SBI INTRADAY LIVE CHART
  
• NIFTY ANALYSIS