Comex Gold

This is monthly chart of Comex Gold. which indicates uptrend is still active so at this point i think 4th wave may create ABC wave pattern or Triangle pattern as in indicated in chart then could see uptrend pattern.so lets see.

MCX Copper, Dow Transportation Avg.

MCX Copper

Dow Transportation Avg.

Dow Transportation Avg.----  As i told price line could take support near previous low then rise. so at this moment Bullish candle pattern indicates more bullish ahead with sl recent low which is indicated in black horizontal line in chart. and i think 1st wave may be completed near previous high of C wave then we could see some kind selling pressure at higher levels for 2nd wave . i think C wave should completed near 5100-5150 levels in near term.

MCX Copper-------  Copper price line has been breakdown previous support 411.80 levels which indicates it should touch 400 levels in 5 wave with sl 426.5 as i think. Copper's trend is not clear as we know that still its in bearish mode. if it falls below 387 levels then we will see more down trend pattern . but according to Dow ,EURUSD as well as Nifty all are indicating that price line may fall near 400 levels then rise above 430 levels. if it happens then huge uptrend pattern will see in near future.    

Nifty

After 5 wave and A wave completed now its prepare to make for B wave and which may be completed near 4700 levels below 4900. i think nifty should trade in between 4700--5300 levels for 1-2 months. then we will see more downtrend pattern. at this time i am going to make short position below 4900 levels for the tgt. of 4700 then square off all short position and wait for long position at lower levels.