Wednesday, February 23, 2011

NIFTY


After completed 5 wave pattern and A wave , now its turn to B wave which may be near 5350 levels but ultimately C wave should be near 5750/5800 levels in 2 weeks (if sustain above previous low 5170 levels ) once break lower levels then we will see more more bearish pattern as i think.

so according to --longerterm--bullish, mid term ----bearish, shortterm---bearish ( but bullish above 5600 levels tgt. 5800) but be careful near 5800 levels.

Tuesday, February 22, 2011

Copper

Short copper @ cmp sl 450 tgt. 428 ( i think this fall pattern should continue )