ES One hour Trend update

• ES Bulls continues the bullish move in a Bullish channel. 
• Moving averages too shows no weakness for the bullish alignment.
• Weakness for Hourly bulls only if price starts to trade below 50 Hour SMA.

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NIFTY Chart analysis

• Nifty daily is in a bearish channel. This could change to a Bullish flag as well.
• Weakness may resume if price falls below 20 Day SMA.
• Week took support at 20 Week SMA to avoid major weakness. Now major trend will resume if price sustains above 10400 levels.

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