Wednesday, August 24, 2011

Nifty,Mcx Copper,Comex Silver, S&P

NIFTY
MCX COPPER
S&P
COMEX SILVER

MCX copper--- i think we may see one more down trend pattern which could be B wave near 388-90 levels. then rise till the levels of 420-25. below 8700 levels 8500 will be the next tgt. in LME copper chart..

Comex silver-- i don't think silver wouldn't fall more but i am very bullish till the levels of 50. where 3rd wave is not completed yet.

Nifty--- Nifty is in down trend pattern where we may see some kind of pull back rally also. after completed 3 rd wave then may see ABC wave pattern for the 4th wave where C wave must be near 5250-5300 levels before looking free fall pattern.