- ES bulls must hold above 50 period SMA and rising support line to avoid a correction towards the range support zone.
- Bears need price to stay below 50 Period SMA.
- Staying above these levels a breakout above 2072 levels is possible.
- GOLD Month charts
December 21, 2016
- Nifty one hour near crucial support zone of 8057.
- If the above mentioned level does not hold then price will slip below 8000 levels again.
- 15 Minutes chart with cloud shows a trend. If price moves above the 15 Minutes cloud a reversal is possible from the Hourly support zone of 8057.
- NIFTY Bearish pattern and Support levels