Friday, January 13, 2012

COPPER

MCX COPPER

COMEX COPPER
After broken out from long consolidation  8000-7100 levels in LME chart it indicates upward movement near 9000-9400 levels or in COMEX --(4--4.05) or in MCX near 440 to 445 levels. But at this time i think u should add 30% long position and wait for a small correction as i indicated in chart . That will be very good opportunity to add remaining quantity( 60%) from that levels to develop the long position .

Wednesday, January 11, 2012

Nifty 1 HR Chart

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Price line is being trade above 4800 levels which indicates bullish will stay active near 5200 levels of my last TGT. of B wave then we could see free fall in 5 wave pattern till the near 4260 levels in Nifty. But at this time SL should be 4680 for bullish trend