NIFTY,USDINR,DOW ,CRUDE,COPPER

CRUDE OIL

DOW TRANSPORT

DOW INDUSTRIAL

HG COPPER

USDINR

NIFTY MID TERM

NIFTY LONGER TERM

NIFTY---One is longer term chart and another is mid term chart are indicating 1st consolidation pattern may happen then bearish. From this levels i think nifty may create symmetrical traingle pattern ,and looks like USDINR chart.

Commodities and Equities of every country may show down trend after bit consolidation in weekly chart . Unfortunately Nifty may not touch 6300 levels as i told before due to H&S pattern creates in daily chart near 5840

           Nifty should trade in between 5800--6000 levels then decide to go which mode till budget . According to pattern Budget shouldn't be excited .

COMEX GOLD

COMEX GOLD DAILY CHART

COMEX GOLD WEEKLY CHART

 

Daily chart indicates fresh short may continue due to kind of traingle pattern with down trend in Moving Avg. for the tgt. of 1600. But weekly chart is showing strong trading range pattern with triple tops and bottoms . I think downtrend pattern could continue for the short term period and cup & handle pattern indicates bullish .