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.

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. 

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.