ES Chart analysis before opening bell

• ES 4 Hour charts with immediate support and resistance levels.

Bank nifty Daily and hour chart update

• Falling 200 SMA is a concern for Bulls in one hour chart. For the day price has to stay above 50 Hour SMA or bigger correction is possible.
• Daily shows bearish price action at 24800 levels. Bulls need to cross this level to avoid correction.
• NIFTY Intraday update

NIFTY Intraday update | One hour charts

• Bulls unable to cross above 200 SMA was negative for the bounce. 
• Now breaking below 10320 and 300 levels will add strength for bears. More strength for the day if price sustains below 10280 levels.
• For Intraday bulls price must get back above 50 Hour SMA to regain today's lost ground.

AMAZON.COM Intraday update | One hour charts

• One hour shows a possible descending triangle with support at 1578. Price tested the level earlier and Bulls managed to stay above it. If it gets tested again bigger falls are possible. 
• Hour close below 50 Hour SMA will give more momentum to Amazon bulls.
• AMAZON.com Bearish engulfing

ES Chart analysis before opening bell

• ES 4 hour charts with crucial support levels.
• Bearish for the day if price falls below 2740 - 2745 levels.
• Bulls safe till price hold above the cloud in 4 hour time frame.

CRUDE Oil Descending triangle | Daily cloud update

• Crude oil staying below the cloud will favour crude bears, But price is not showing any momentum for bears.
• 4 Hour chart shows a descending triangle. This pattern is mostly bearish But can go in the opposite direction as well.
• Bears need price to fall below 60 levels for a bigger down swing to follow.
• Bullish above 61.60 and bearish below 60 levels.

AMAZON.COM Bearish engulfing | One hour charts

• Amazon daily chart has a bearish engulfing pattern. As of now there is no momentum or followup price action for bearish engulfing.
• Bigger weakness for the stock only if price starts to stay below 1578 levels. Bearish engulfing will stay intact till 1617 is not taken out.
• Hour as of now is looking weak at the top.