March 16, 2018

ES Chart analysis before opening bell

  • ES 4 Hour charts with immediate support and resistance levels.

Bank nifty Daily and hour chart update

  • Falling 200 SMA is a concern for Bulls in one hour chart. For the day price has to stay above 50 Hour SMA or bigger correction is possible.
  • Daily shows bearish price action at 24800 levels. Bulls need to cross this level to avoid correction.
  • NIFTY Intraday update

NIFTY Intraday update | One hour charts

  • Bulls unable to cross above 200 SMA was negative for the bounce. 
  • Now breaking below 10320 and 300 levels will add strength for bears. More strength for the day if price sustains below 10280 levels.
  • For Intraday bulls price must get back above 50 Hour SMA to regain today's lost ground.