Friday, December 10, 2010

MCX Copper

Short below 408 levels sl 413.50 tgt. 397/392 and i think it should not crossed the prvious high which is 315.5 levels

USDINR,DOW,Reliance


Reliance

According to Reliance trading range chart in between 900-1150 levels indicates fall at this time for the tgt. of 860 levels.

This trading range chart doesn't indicate clear signal for the long term , so i hope for bearish due to this pattern . If the price line will fall below 976 levels again then more fall may be see or rise above 1040 levels then could see 1060 levels , so lets wait for the conformation

Dow
Right now i think Dow chart has been upward so much , so some selling pressure we will see

USDINR

Thursday, December 9, 2010

USDINR


HR.chart shows rise pattern according to EW method so we may see 45.55 levels soon then fall so i think Nifty may consolidate at this levels and shouldn't cross the previous lower levels which is (5688 spot).

if break this levels ( 5688) then we may see more fall tgt. would be 5450.

Gold


after touched near 21000 levels as i said before now it's turn to downward trend line according to wolf wave pattern so u may create short position @ 20585 sl 20750 tgt. 19900/700 levels soon.

Nifty


According to this chart --- Nifty may take support at this levels and more chances to bounce back to 5950-6000 levels soon so i would suggest to square off all short position and wait for conformation to buying then fall

Wednesday, December 8, 2010

MCX nickel


in this metal sector i think nickel will be more fall than other metals so u can go short @ 1063.5 sl 1080 tgt. 1034

Tuesday, December 7, 2010

Nifty fut., Reliance


Reliance Spot

after achieved my given tgt. now it's looking for downtrend when price trend will go below 1025 levels without touching previous high for the tgt. of 990 levels

Nifty fut.
create short position below 5954 levels

NIFTY,MCX COPPER, DOW, US DOLLAR ,SHANGHAI


NIFTY
I think this is 5 wave impulse wave pattern if this is true then we may see some uptrend after small correction as indicated in above chart according to ABC pattern

MCX Copper
we have already seen huge uptrend from lower level so i think this pattern may be completed at any levels but we have to wait for creating short position after conformation according to above chart pattern for the mid term.
DOW

Still DOW is in Positive Territory
US Dollar

SHANGHAI