May 21, 2015

ES Chart update

  • ES one hour and 4 Hour chart shows bulls hanging on to crucial support resistance zone. Bears need to close below this zone for bigger correction to follow.

Nifty support and resistance levels

  • Price is moving up steadily but its approaching crucial resistance zone 8505 - 8550. Immediate support zone is at 8332 level.
  • RSI is has not reached overbought zone and price too yet to shown bearish price action.