November 23, 2017

ES Channel and Support levels

  • ES has a channel in one hour chart.
  • Crucial support numbers shown in 4 hour time frame.
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NIFTY Chart analysis

  • NIFTY Hour chart shows possible inverted head and shoulders pattern.
  • Hourly cloud is crucial support area for bulls.
  • Weekly structure is looking good for bulls. Last week candles long tail shows strong support. Weakness can be seen only if price falls below 10230 levels. 
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November 22, 2017

ES Charts before opening bell

  • 2594 is the range support. Weakness for the day if price falls below that level
  • 30 Minutes cloud is the immediate support zone. A Down swing will only start once price falls below the cloud in this short time frame.
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