SILVER Bounced from 100 Week SMA

• SILVER fell below 50% Fibonacci retrace level and took support above the golden ratio(61.8%)
• Now price is back to 50% Fibonacci level price should sustain above this level for the up move to continue.
• 100 Week SMA stopped today's slide.
• 32.30 will act as resistance level if the up move continues.
• GOLD RESISTANCE LEVELS
  

NIFTY Futures intraday update

CHART-II

• Getting resisted @ golden ratio.

CHART-I

• NF Bulls has to clear 4818 - 4824 level. If price sustains above this level we may see this up move extending.
• Getting resisted here will favor bears of NF.

NIFTY Analysis

• Nifty Bollinger bands and Weekly chart shows support levels.
• MACD in daily chart looks like it is getting ready for a sell signal But one should be careful as it may also result in a fast rise.
• S&P 500 WEEKEND UPDATE
  
• GOLD RESISTANCE LEVELS
  
• BANK NIFTY WEEKEND UPDATE
  

GOLD Resistance

• Gold bulls has to sustain above 100 day moving average for an up move to happen
• Price sustaining inside the channel will not help bulls of gold in the short term. For the short term bulls price has to stay above the channel.
• A better price action for a long term investor of gold would  be price correction towards the channel support line and a steady up move staying within the channel.
• S&P 500 WEEKEND UPDATE
  

S&P 500 Weekend update

• Important levels for bears are 1114 and 1101. Breaking below these levels will help bears to extend profits.
• There is a possible support line in weekly chart which rises from 1011 and runs through 1101. If bulls are able to sustain above this line they may be able to push prices higher.
• Another levels for bulls to take out are 20 day and 50 day SMA. Bulls will continue to feel the pressure if they sustain below these moving averages.
• GOLD FALLING INTO WEEKLY CHANNEL
  
• SILVER 50 WEEK SMA BREAKDOWN
  

BANK NIFTY Weekend Update

• Important support level for BN is between 9200 - 9260.
• Early warning could be Daily candle closing below week low ema.
• Strength for BN above 9660.
• Price is in a range between Week High and Low EMA. If week low ema holds we may see an up move.
• Indicators too are not favoring bulls as of now. 

SPY Support level

• If SPY does not breach 112 on closing basis we may see an up move soon.
• Indicators in four hour chart are poised for a rise.
• Price is in a broad range between 112 - 122 levels. The lower end of the range is getting tested. Indicators are suggesting for a bounce so bulls may get some relief for a while.
• ES POSITIVE DIVERGENCE