NIFTY,SENSEX(LONGER TERM CHART) ,TATAMOTORS

TATAMOTORS

SENSEX

NIFTY

Short Tatamotors @ CMP for the Tgt. of 230/180 levels very soon due to Ending Digonal pattern is on Monthly , Weekly , Daily chart which are indicting huge fall is coming in Tatamotors so be careful at this stage.

                 Nifty is Trading below 5750 levels which was weekly strong support area so from here i feel free falling line should continue till 5200/5000 levels .and mid term chart pattern has been damaged so be careful to add buying position at this levels

               USDINR may touch 62.50 levels very soon but in near term we could see 65 levels

WEEKLY SENSEX CHART

SENSEX WEEKLY CHART

MSCI INDIA ETF

                    

                    This time we are very bearish in this mkt. but if u look on MSCI INDIA ETF then u will find a pull back rally after completing of 5 wave pattern near this current levels. and most of stocks including banking stocks also , these are very very oversold at this time so need to be a very good pull back rally or some kind of consolidation pattern for 2 months at least.

                    Thatswhy i believe ,we have to convert in bullish mode with sl of  18400 levels . but still mkt. is trading in a range which is (19150-20000).

                     According to contrarian method ---everybody is sitting in bearish side or doing short and advising short also ,so it must be bullish for some time , may be 3 months at least . Dow chart is still in bullish mode and showing bearish in USDX as well as USDINR .

                      From this point of view my view has been changed from bearish to bullish but not looking for longer term uptrend from this levels . yes , if mkt. falls below 18400 levels then i will be very bearish .