NIFTY Chart analysis

• Nifty Has been diverging negatively for sometime now. Price and RSI shows Negative divergence as shown in 3rd chart.
• Follow up correction only if price starts to trade below 20 Day SMA.
• Crucial support levels for the medium term are 7441 and the Rising 50 Day SMA. 

EURUSD Chart analysis

• EURUSD 4 Hour chart holding above crucial support zone.
• One hour chart must sustain above the hourly cloud for bigger up move to happen.

ES Chart update

• ES 4 Hour and one hour charts with possible support levels

CNX IT Chart analysis

• CNX IT Doing a fast rise to avoid a death cross in daily chart.
• Price has moved above a crucial GAP area between 6600 and 6700 levels. Price is also staying above the Golden ratio.
• Next resistance is at the Crucial round number 10000. More up moves if 10000 - 10150 level is crossed. 

S&P 500 Futures chart analysis

• ES 30 Minutes cloud and Hourly up trend line as Immediate support levels.
• 4 Hour chart shows crucial support levels. Bulls will remain strong above these levels.

EURUSD Resistance levels

 

• EURUSD Daily chart getting resisted at 200 Day SMA. Previous support zone in daily chart is acting as resistance.
• Staying below the daily cloud will continue to favor EURUSD Bears.

ES Chart analysis

• ES 4 Hour chart shows price continues to sail above the cloud.
• 2nd chart shows crucial support levels. No weakness till price stays above these levels
• 30 Minutes cloud shown as immediate support zone.