ES One hour support resistance levels

• ES One hour cloud is getting tested again.
• Hour cloud and the zone between 2736 - 2750 are immediate resistance levels in this time frame. For a bigger breakout in favour of bulls these two levels must be taken out on closing basis.
• Getting resisted at the cloud will resume correction as it did yesterday.

ES Chart Analysis after closing bell

• Week candle got resisted near the top of the range. Now if price stays below 2700 then it should fall towards 2620 levels.
• For bears hour must stay below the cloud for a trending move towards 2620 levels. Immediate resistance at 2700 levels.

ES Chart analysis before opening bell

• ES Week chart shows the broad range between 2620 - 2760. Price near the top of the range. Price will remain negative to neutral within this range.
• Immediate support zone for the day is 2700 - 2705. Break below this means a trending down swing in hour chart.
• Price remaining below the hourly cloud will favour a down swing in this time frame. Negative below 2700 - 2705. Bulls may also use this price zone to do an Intraday bounce.

NIFTY Chart update

• Nifty daily chart shows the small candle just below 100 SMA. Twice in the recent past this price action was followed by good up move. But this time price is trying to consolidate after a big correction, which is good for bears.
• If price stays below 10276 then 200 Day SMA is possible.
• Weekly chart shows price below 20 Week SMA.  Bulls must try to get back above this moving average to avoid bigger falls.

State bank of India chart Analysis

• State bank of India month chart shown with crucial support resistance levels. Price is in a big range between 150 to 330. Chart shows crucial support zone at 240. Bigger weakness for the stock only if 240 levels are broken. Till then bulls are safe to do a bounce. Look for bounce trades only when price reaches 240 levels.

S&P 500 Futures intraday update

• Price testing 50 Day SMA.
• Bears need a close below 50 SMA To resume correction.
• Daily staying below 2688 should result in a Down swing again.
• Strength above 2754.

APPLE Weekend update

• APPLE Month chart shows price moving into resistance zone.
• Weekly chart is showing big momentum in favour of bulls.
• Only time frame that's giving some hope for bears is the Daily one which has a Pin Bar candle. The placement of the PIN BAR is not ideal. It will be good always if the PIN BAR forms above the previous candle, But still if price closes lower on Monday a bigger correction may start.
• ES Weekend update