MCX Copper

As i told before short copper @ 457 but it didnot go below 451 levels at this time i would suggest to square off all short position near 456 levels because dpwntrend pattern has been completed as i think and do buy at this level with sl 452.5 tgt. 466/475

LME ZINC

Zinc is under performer than copper so i would recommended to buy near 108 or for longer term buy above 114 levels tgt. 121/127/140

i am very bullish in zinc in near future

MCX Copper

At this point MCX Copper indicates bearish signal till 445 levels . so u can do short @ 457 sl 460 tgt. 445 . If copper will go beyond the 460 levels then go to buying with sl 455 tgt. 471-77 levels

NIftyt Spot

Nifty 1 HR. Chart

Nifty Daily Chart

After achieved my lower Tgt. near 5300 now i am turn to bullish mode when i will get conformation on charts so at this point i would recommend to square off all short position & wait for the conformation .

According to 1 hr. chart indicates positive divergence in indicators ( RSI, MACD , Stochastics ) with bullish diagonal pattern in C wave . In daily chart pattern MACD & HACO indicators are still in bearish mode so lets wait for the buying signal in these indicators as well as to get conformation in chart also.

CNX IT Index (weekly)

Right now we can see some kind of bearish from upper levels to 6300 which is strong support zone according to Fibonacci analysis , then probability to see upper levels after touching 6300 levels zone which will be the 3rd wave of entire bullish pattern.