GOLD Price contraction

• Gold four hour chart is moving towards the apex of a consolidation pattern.
• I was expecting an ascending triangle like formation But this one may also behave like a bearish flag

ES Hour near 100 SMA

• ES Hour is near 100 Hour sma. Price may give a bounce from this level.
• Price is also near ichimoku cloud in hour time frame.
• For the trend to turn in favor of bears price has to sustain below the cloud.
• AAPL NEGATIVE DIVERGENCE
  

APPLE Negative Divergence

• Daily chart has hit the top bollinger band.
• MACD divergence may take affect after moving up some more. 
• 431 is where the resistance line is price may give a false breakout and then start to fall.
• So the resistance level will be between 431 - 440 area.
• SPY INDICATOR STATUS
  

RELIANCE Resistance line

• Reliance resisted by the line which looks strong for now.
• Hope for bulls only if they manage to break above the resistance line as of now it looks bad for bulls of reliance.
• A daily negative candle here will favor bears for the coming days.
• For bulls they have to try and close the day above 870 for avoiding a negative close.

NIFTY Analysis

• Two Bullish followed by Two bearish charts.
• Any weakness for nifty should be visible in the area between 5170 - 5235.
• Closing beyond 5235 may result in a bigger a rally.
• Any Negative candles near 5170 - 5235 may result in a sell off.
• HATHWAY CABLE CHART ANALYSIS
  
• TATA MOTORS ANALYSIS