Friday, February 4, 2011

COMEX CRUDE, MCX COPPER,NICKEL,ZINC


MCX COPPER


MCX NICKEL

MCX ZINC


In base metal i am very bullish in Zinc as well as nickel also than copper . and copper's chart pattern is giving some confusing at this last wave so i would to say to buy only zinc and nickel in any small correction.

NIFTY vs VIX

Nifty VIX ( volatile Index of nifty) indicates bullish above 25 levels which is strong resistance with HL if it happens then we will see more bearish in near term in nifty

NFTY SPOT


C wave pattern is not completed yet due to 5 wave so we can make short position at higher levels near 5570-80 or below 5400 levels but at this time i am quite bullish with sl 5410 levels in nifty spot.

AUDUSD


AUDUSD currency is the key driver for commodities at this time so if u look on this chart the 5 wave pattern has not completed yet so we have take some time for bearish in ABC pattern.

Monday, January 31, 2011

LME Copper


According to this pattern i think , we may see some kind of bearish mode from this levels so short copper below @ 446.70 sl 449.8 Tgt. 442/437 levels