February 17, 2016

ES moves from support to resistance

  • ES Weekly chart shows price moving up from support zone to resistance level near 1945. Bulls must cross this zone for a bigger bounce towards the WEEKLY ARC

Bank Nifty Chart analysis

  • If the down trend in daily chart extend beyond 13800 price could fall towards the levels shown in Month chart.
  • Previous resistance levels near 13300 and Golden ratio at 13100 levels may act as support.
  • Immediate support and resistance levels as shown in daily chart