Bank Nifty Futures near 50 DMA

CHART-III

• Range resolved on the upside.

CHART-II ( RANGE IN 15 MINUTES CHART)

CHART-I (DAILY CHART)

• Bank nifty futures is trading near 50 day moving average.
• If price sustains below 10900 we may see a correction.
• Break above 50 dma will give good up move.
• 15 Minutes shows a range which should be resolved for a clear direction to emerge

ES Near resistance line

CHART-II

• Support areas for ES is at 1327.75 and 1322.22
• Resistance line mentioned below has given good correction. Break of 1327 level may push price down to 1322 area.

CHART-I

• ES Four hour chart near its resistance line
• Breaking above the line will continue the up move.
• If price looses momentum we can see a correction.

ES Bearish engulfing pattern

• ES Four hour chart has given a bearish engulfing pattern at the top.
• If support levels gets broken we can see an extended correction.
• Main support lies near 1322
• Trading above 1332.50 will negate the bearish engulfing pattern.

NIFTY Daily analysis

• Nifty has multiple resistance in daily chart.
• Fib resistance of 38.2 at 5562
• 200 dma and 20 dma. Price is already facing resistance at 20 dma.
• Weekly chart is showing resistance at 5530

SPY Support and resistance levels

• SPY Supports are seen at 132.64 and 131.30 levels.
• The recent high of 133.54 may act as resistance.
• Price Breaking trend line will give 132.64.
• ES SUPPORT LEVELS
  
  

ES Support levels

• ES Hour chart with support lines
• First support is between 1321 - 1322.
• Two trend lines in hour chart may also act as support

Nifty EOD Update

NIFTY SPOT DAILY CHART

• Nifty Spot daily chart with channel
• Nifty has closed outside the channel
• But the candle shows indecision between bulls and bears.