Channel of Platinum

• Four hour chart of platinum shows a beautiful up move of platinum in a channel.
• Price is moving towards the upper resistance line shown in weekly chart.
• This up move may target 1930 level were it may hit the weekly resistance.

Broadening pattern of SILVER

• Silver falling below 42.25 may favor bears of silver.
• Price is showing a spike above the broadening pattern. 
• If the spike does not sustain we may see an extended correction.
• For bears price need to stay below 42.25.
• CHANNEL OF PLATINUM

S&P 500 Futures Hour chart analysis

• For Bulls price should stay above 50 Hour moving average and 1132 levels for extending this bounce from 1111 levels.
• Upper end of the range is 1153 Lower end is 1111 levels.
• BEARISH ENGULFING OF AAPL
  
• S&P 500 WEEKEND UPDATE
  

Nifty intraday Update

• NIFTY 15 Minutes is showing a range of 5796 - 4893
• Good up move can happen if nifty stays above the gap. So price should stay above 4932 levels.

SUZLON Energy Analysis

• Suzlon energy is closer to 2009 lows.
• In 2009 stock reversed from these levels, Before reversal volumes were low. But stock is showing good selling volume right now.
• So we have to see if the stock is able to take support at the previous lows or not.
• Good reversal pattern with price sustaining above 5 day high ema may give good up move. Up move also has to take out 43.70 level which may act as resistance.
• Breaking and closing below 33.05 will extend profits for bears of suzlon.

S&P 500 Weekend update

• All time frames still favoring bears.
• Hope for bulls is the recent low 1101.
• If that level holds we may see a bounce.
• If price stays above 50 and 100 Hour moving average one may stay long for a bounce.
• Price below 50 Hour moving average will favor bears. 
• If a bounce happens 20 Day moving average is the next resistance level. Larger up move will be possible only if price starts to trade above 20 DMA.
• S&P 500 CLOSED BELOW 200 WEEK MOVING AVERAGE
  

NIFTY Weekend Update

• Trend of nifty is still down.
• No reversal pattern in sight yet.
• Daily indicators are still strongly favoring bears.
• But this is an extended fall so if price reverses we may get a decent bounce.
• So one shall look for reversal candles in daily time frame next week to go long. 
• Price should also stay above the channel drawn in daily time frame for a decent bounce to happen.
• It is difficult to pick a number, But the level one has to watch is between 4750 - 4800.
• SUZLON ENERGY ANALYSIS
  
• S&P 500 WEEKEND UPDATE