Friday, March 11, 2011

NIFTY



Near 5600 levels nifty is showing Double top as well as crossover in 50 & 200 MA in daily charts indicates fresh bearish mode may be happened with sl 5620 tgt. 5360 and below 5280 tgt. wil be 4800/4500 in near term

so better to add fresh shorting position instead of buying position at this levels with sl 5620 .

And one more thing i want to say ,if u look on nifty weekly chart near 6300 levels which is showing double top that means future trend may be worst than before .

Thursday, March 10, 2011

MCX Copper


Copper priceline has been touched previous low & H&S pattern are indicating bearish from this levels to 410-407 so any bounce back to get opportunity to creating short position.