NIFTY Intraday update | Previous resistance and Cloud

• 10600 - 10630 level is likely to be the next challenge for Bulls.
• Previous resistance and Golden ratio may act as resistance.

NIFTY Chart update | Fib levels and Ichimoku cloud

• Nifty daily back to ichimoku cloud
• Price also nearing crucial Fib retrace levels.
• Weakness likely to resume around the current levels or close to Golden ratio.

CRUDE oil chart analysis

• Daily chart shows price staying above crucial resistance zone.
• Price has to stay above 66 levels to avoid a false breakout situation which will be negative for bulls.
• Month shows price violating 200 SMA. Bulls need a month close above this line to confirm bigger strength.

APPLE chart analysis | Month MACD Update

• Apple Month has a possible Top in place. This will be confirmed only if Month closes below 165 levels.
• Weekly chart shows bulls struggling to stay above 174 levels. Another fall from the current levels may result in bigger correction.
• For bulls price must get back and sustain above 174 levels to avoid weakness.

NIFTY Weekend update

• Nifty Month and Week shows bulls fighting back.
• Bears looking at a possible head and shoulders pattern. Right shoulder is almost done. Bears need correction to start from next week for the pattern to be perfect. 

ES Chart analysis after closing bell

• Bulls tried to move out off the 4 hour contraction, But failed and back into the pattern again.
• Daily continues to show stiff resistance around 2660 levels. Too many failures around here may result in another fall towards the lows.  

ES 4 Hour and Daily charts

• ES 4 Hour chart shows a triangle contraction.
• Daily chart has resistance near 2660 levels.