ES Chart analysis

• ES One hour shows price trending below hourly cloud. But Daily and weekly charts are approaching crucial support levels.
• 50 Week SMA and previous support level in daily time frame may stop a bigger fall from happening.

NIFTY Weekend update

• Nifty shows weakness at the Golden ratio. Negative divergence is there with price and RSI. Having said that price has to fall below 20 Day SMA and 23.6% Fib level for bigger correction to happen. 

ES Chart analysis

• ES nears 200 Day SMA. 4 Hour chart also shows previous resistance zone and Golden ratio which may act as support for a bounce. to happen. For now though price is not taking a pause. Doji candles at the above mentioned levels may arrest the fall of ES 

Bank nifty chart update

• Immediate support for bank nifty at 20 Day SMA. Bears need a close below this level for bigger falls to start. Daily MACD is also suggesting weakness but price need to stay below 18600 levels.
• Weekly cloud continue to act as support. bigger weakness only on price closing into the weekly cloud.

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EURUSD Chart analysis

• Daily chart shows price moving towards the falling resistance line. Price seems to be moving in a large bearish descending triangle pattern. Within this bearish pattern price is in a bullish phase for now. Bullishness is likely to get weak near the falling resistance line. 

Nifty support and resistance levels

• Nifty bears failed to take price below 20 Day SMA. Weakness only if price moves below the rising support line shown in first chart.
• Next hope for bears is the golden ratio shown in last chart. Bulls need to clear this for bigger up moves to follow.

NIFTY Chart analysis

• Correction seen after negative divergence with MACD Histogram and price. Chart 2 and 3 shows possible support zone which should be broken by bears to extend gains. Unable to move below 20 SMA should favour bulls.