My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 24, 2017
ES Support and resistance levels (Hour chart)
- Hour chart with immediate support and resistance lines.
- Strength extends above 50 Hour SMA. Correction towards 2550 levels only if price closes below 100 Hour SMA.
NIFTY Intraday update
- Bulls are safe above 10200 levels.
- Bears need price to close below the GAP shown in chart 1. That is around 10100 levels approx. In-between its Neutral.
- One hour shows 50 SMA acting as support for now. Close below this line may give the first signs of weakness.
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