Saturday, January 15, 2011

MCX Copper, DOW, US Dollar

US Dollar
this Broadening Triangle pattern indicates bullish , if this pattern happens the we will see more bullish in ahead

DOW


This Wolf wave pattern suggests bullish may be completed at any time and should convert in bearish pattern .

MCX Copper
After huger rally from lower levels 290 which is the sign of bullish but at this time All patterns will be completed near 448-51 levels as i think. so i would to suggest square off all long position near this levels. and wait for creating short position

Nifty 1 HR. chart


nifty made new low but i think it should touch 5950 levels in 5 wave pattern as i indicate in chart . so i would to prefer to buy after conformation at lower levels .

Long term----Buy Mode, Mid term---MIX , Short Term---Sell mode, 1 hr.chart---sell mode ( but more chances to do bounce from this levels and convert in buy mode )

so if you are not comfortable to buy then can wait for 5950 levels to go short.

Friday, January 14, 2011

Nifty 1hr. chart


i think right now Nifty may face some kind of fall but wouldn't cross the previous low . if this will be happened then we will see 5950-6000 levels in few days.SL ( today's low)