S&P 500 Futures Daily and 30 Minutes update

• ES Daily shows price in a range. Hourly and daily close outside this range may result in bigger moves.
• 30 Minutes trend is broken for now. Price need to get back above the cloud for bulls to extend the run. 

 

 

 

NIFTY Ascending Triangle and trading levels

• Nifty one hour shows a bullish ascending triangle pattern. Price for now resting at the support line. 

•  Hour has to close and sustain above 15900 zone for bigger up moves to follow towards 16000 levels.
• Weakness will resume below 15790 levels. Bigger weakness if price falls below 15670 area. 

 

Bank Nifty Descending Falling wedge

 

• Updating My blog after few years. Corona has given pain and few free hours for many of us. So trying to give life to my beloved blog which had fallen silent for many months. I hope i would be able to update the blog frequently.
• Bank nifty hour shows a Descending Falling Wedge. This pattern mostly resolves in favor of bulls. Bulls need to stay above 35500 and 700 on closing basis for bigger up moves to follow.
• 15 Minutes chart shows Immediate support zone below which bears will regain strength.