May 27, 2015

ES Chart update

  • ES 4 Hour chart shows price falling below crucial support resistance zone. This zone and the 23.6% Fib level shown in chart 2 will act as immediate resistance zone. Support is seen at 50 Day SMA and 50% Retrace zone.

Nifty chart analysis

  • Nifty is showing weakness from 50 Day SMA. Immediate support levels are shown for this correction. Close below 20 SMA may extend the fall.