S&P 500 Weekend Update

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• CONCLUSION
• Daily close above 1356 will favor bulls for a target of 1370.
• Getting resisted @ 1356 may take price back to 1323 and 50 Day Moving average.
• One can stay Long above 20 hour moving average. Things will favor Bears below 20 Hour MA.
• CISCO HITS 20 WEEK MOVING AVERAGE
  

BANK NIFTY Weekend Update

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• Conclusion.
• Watch for level 11022 - 11426 and 200 DMA. Watch these levels on closing basis.