December 8, 2017

ES One hour chart update

  • ES one hour chart shows price moving above 2649. If sustains above this level price may target 2660 levels again.
  • Price took support at the 200 Hour SMA.

NIFTY Chart Analysis

  • Nifty Daily chart shows price reversing from 100 SMA.
  • Weekly candle also shows Bulls trying to avoid a close below 20 Week SMA.
  • Bears Need to close the week below 20 SMA to extend gains.