S&P 500 Weekend update

• Numbers to lookout for next week are 1121 and 1208
• An early clue may be given by the triangle pattern. Being a triangle one may see whipsaw before the big move happens.
• Once price crosses 1208 It may target 1250 - 1258 level.
• If it is below it 1121 then we will see 1101 and if it sustains below 1101 another big move in favor of bears can be seen.
• GOLD MOVING UP AGAIN
  
• MSFT BUY SIGNAL
  
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BANK NIFTY Weekend Update

 

• Bank Nifty Weekly stochastic shows that the selling may finish by next week.
• We have a support zone around 8806 level. But after that the Fib level and the next supports are way below near 8300 and 8150 levels.
• So price should stop falling near 8800 levels. If it goes below this level then the pain for bulls might continue.
• Look for daily reversal candles. We shall see some strength only above 9200.
• NIFTY WEEKEND UPDATE
  

MICROSOFT Buy Signal

• MSFT daily chart is looking good for bulls.
• Price if closes above 20 SMA will give a long trade.
• Price is moving up from the support line in weekly chart.
• A long trade towards the resistance line in weekly chart possible.
• GOLD MOVING UP AGAIN
  

NIFTY Weekend update

• Last two charts the monthly Bollinger band and the weekly parallel lines shows nifty close to the end of this fall.
• Recent low of 4796 was broken and price came down till 4720 levels. If price manage to stay above 4796 again we may see an up move in nifty.
• But the problem for nifty is the Large cap stocks which are making new yearly lows. So Stocks like reliance, sbi, Tata motors and Tata steel should make a bottom for nifty to do a decent bounce.
• Below 4700 price may move towards 4660 levels. Nifty has the parallel line support Near 4660 level. 
• GOLD MOVING UP AGAIN
  
• BANK NIFTY WEEKEND UPDATE
  

GOLD Moving up again

• Gold has started to move up again.
• Recent fall of gold took support at 1702 level.
• Now price is back above 1800 levels.
• Closing above 1814 will give good momentum for the bulls of gold again.
• GOLD TAKES SUPPORT
  

Triangle of CRUDE OIL

• Crude oil in a symmetrical triangle pattern.
• Resistance levels is near 88
• Main support at 79 levels.
• So breakout should takeout these levels for bigger moves to happen.

SILVER Resistance level

• Silver hour chart with 200 Hour moving average.
• Attempt of bulls is getting rejected at 200 Hour moving average.
• Bigger up move will happen only if price is able to break above 200 Hour moving average.
• Falling below 39.90 levels will favor bears.