ES one hour chart update

• ES Hour continues to be in a range.
• Hourly cloud acting as support for ES Bulls.
• If the Cloud does not break on closing basis A Bullish move out of the range is possible. Break below 2541 can give 10 to 15 points on the Down side.

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NIFTY Chart update

• Nifty Week shows price in a 450 Plus range. Weekly MACD Has a sell signal. So any up swing inside this range should be watched cautiously.
• Hour up swing is getting tested.
• Up move may resume if price gets support at 30 Minutes cloud. Otherwise a bigger correction is possible.
• NIFTY Weekend update

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NIFTY Hour and Weekly charts

• Nifty hour shows a steady up move.
• Up swing will be safe till price stay above 30 Minutes cloud.
• But bulls must be cautious as the current up move is happening against the MACD Bearish cross in Weekly chart

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