ES Analysis before opening bell

• ES may move sideways between 1880 - 1945 for sometime before making a big move.

Nifty chart update

 

• Nifty one hour has reached previous support zone at 6961. 5 Minutes chart too continues to trend below the cloud. If a reversal is to happen from this level price will break back above the 5 Minutes cloud. Otherwise the recent low of 6869 is likely to get tested again.

Nifty intraday update

• Nifty one hour chart shows price near 6961 which is a crucial number for bulls to hold above. Violation of it could lead to a test of the recent lows. 
• Its a strong trend even in the smallest of time frames. 5 Minutes trending below the cloud. Bulls need to break above it to arrest the fall. 
• Strength if stays above 7031. Weakness below 6998 as shown in 5 Minutes chart.
• S&P 500 Analysis after closing bell

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S&P 500 Analysis after closing bell

• SPX One hour took support at 200 Hour SMA. 1830 The reversal area is marked as immediate support zone. Hour likely to remain in a range between 1830 and 1950. Daily chart too shows a cluster or resistance at 1950 levels with 50 Day SMA and 50% Fib level.
• SILVER RESISTANCE ZONE

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