Friday, March 4, 2011

NIFTY

USDINR

NIFTY

As i told before nifty should touch 5800 levels , now nifty is trading near 5550 levels which is showing uptrend on 1hr. chart till the levels of 5650-5800 . But ultimately it should come down below the previous low according to daily chart on the basis of 5 wave impulsive pattern

DOW Transport


DOW transport indicates upward still alive and 5th wave may be completed above the previous high before big correction.

MCX Copper


EW pattern suggests 5th wave may be completed near 500 levels ,if u look on MACD that is not showing any negative divergence at this levels so we may see more uptrend pattern from this levels before big correction.

Thursday, March 3, 2011

Comex Crude oil


Crude has been started 3rd wave in longerterm chart so that means it may be touch 140 levels in the end of this year. but in midterm,shortterm i am very very bullish at this time.

MCX Copper


Recent breakout above the broadening formation indicates strong bull for the tgt. of 465 or more with sl 446

Monday, February 28, 2011

Comex Gold


Gold has been touched previous high which indicating bullish till the levels of 1520. so any short term correction will be good opportunity to taking buying position in midterm or ( buy GOLDBEES@ 2018 ---Gold ETF )