Thursday, July 28, 2011

MCX Copper 4hr. chart

Copper is trying to go above 438.4 levels but seems to go down which can be C wave of 4th wave till the levels of 424-25 . but above 438.40 we will see more uptrend pattern after breakout from that levels . At this stage i am very comfortable to stay in buying side whether at this levels or near 424 levels.

Monday, July 25, 2011

NIFTY


As i told before Mkt. may move from 5560 to 5740 levels in short term .But at this time nifty
is trading near 5700 levels so we have to wait for the conformation breached above 5740 levels for the tgt. of 5920 and 6300 in mid term after completed falling wedge pattern which is sign of bullish as well as HH and HL trending method. Here at this stage i am very much bullish in Indian market rather than international market.

We may see ,Dow may touch 14000-16000 levels in this year without any big correction .