ES Chart update

 

• If the hourly range breaks on the up side then the Negative divergence will be of no use for Bears.
• Bulls need to stay above 50 Day SMA To avoid a bigger correction.

RELIANCE Industries testing 200 Day SMA

• Reliance industries trying to stay above 200 Day SMA and a crucial support zone. Bullish candle here may result in resuming the up move.
• Bears need a close below 200 SMA for a possible down move.