Friday, February 3, 2012

NIFTY and USDINR

Nifty has been crossed from channel line which indicates bullish as well as breakout in H&S pattern in RSI weekly chart . But i am looking still a good correction pattern where nifty has been raised from 4600 to Till levels and Free falling in USDINR   so that means profit booking should be there . But how far that will be continue we have to look on , may be 4700--4800.

Thursday, February 2, 2012

LEAD, COMEX COPPER

LME LEAD Chart

MCX LEAD
 I am getting confused about longer term trend of LEAD but yes it should touch at least 121 levels in MCX within this Expire . so 109-107  is a very good levels to add more buying position with SL of Lower trend line support.


COMEX COPPER
It indicates 4th wave may be completed or most probability it may touch 8200-8280 levels in LME Chart then uptrend

Monday, January 30, 2012

MCX COPPER

MCX COPPER
Free fall from higher levels price may be completed near 414-15 levels which is Fibonacci support and opportunity to add more buying position . but i have to look on for confirmation to 5th wave for the tgt. of 440-45 levels .