Saturday, December 18, 2010

SHANGAI Index


All markets may be go up which will be lead by SHANGAI Index for some time as i plotted in above chart

LME Copper, MCX Zinc

MCX Zinc

This pattern indicates bullish is still alive so u can buy at this level @ 103.85 sl 102.40 tgt. 105.50/108

LME Copper
as i told before cover all short position near 412-414 and go long . so at this time i would say stay with your long position with sl 416.8 tgt. 425 levels . due to i am very comfortable in LME copper chart which is indicating 9300 levels very soon.

i think all commodity will run by SHANGAI chart ( bullish )

Thursday, December 16, 2010

Nifty


Nifty 1hr. chart

Nifty daily chart


as i said before if price line crosses the upper channel line then we could see some upward till the levels of 6100 . and according to EW method B wave may be completed near 6100 level then fall but this time 1hr. chart shows upward

Copper

LME copper chart

MCX & LME copper chart are indicating short term bullish above 415 levels tgt. 418-19


US Dollar & Comex Gold
Gold & Dollar charts are not trading in one way but sometimes when the Dollar rises then gold is in consolidate pattern rather than fall .

USDINR & BSE sensex

If u see in 2008 year--- we could see USDINR is trading in LL & HL pattern which is positive signal ahead and Sensex is in HH pattern which is also positive but if u add two charts at that time then we see Divergence that means something is going to be wrong ---FALL

Same is in 2009 year----Rise

so at last we don't see any big divergence at this time that means we have not worry to a big fall

US Dollar & DOW & Comex Gold

1st box indicates Dow & Dollar are trading in one way then
2nd box indicates GOLD & Dow are trading one way.

so i think at this time Gold has been upward so much, so we could see Gold & Dollar may be trading in one way
US Dollar & Comex Copper & Comex Gold

Wednesday, December 15, 2010

Nifty,copper


MCX Copper
after fall below 317.25 levels indicates selling with sl 420.8 tgt. 412/409

NIFTY

i think it should C wave according to EW method so nifty has been breakdown previous low in 15 min. chart indicates falllllll with sl 5945 tgt. 5740 ( nifty spot)

Monday, December 13, 2010

Nifty spot


I think we r in C wave pattern which should be in 5 wave pattern according to EW method. but if the price line cross the 6000 levels again then it may be convert in bullish pattern so any bounce back will be the good opportunity for creating short position with the tgt. of 5400/5300 according to Fibonacci Resistance.

if u r talking about in HR. chart then we could see some selling pressure below 5795 tgt. 5740-50 levels. then upward till the levels of 5950 with sl 5717 .