Saturday, December 18, 2010
SHANGAI Index
All markets may be go up which will be lead by SHANGAI Index for some time as i plotted in above chart
LME Copper, MCX Zinc
This pattern indicates bullish is still alive so u can buy at this level @ 103.85 sl 102.40 tgt. 105.50/108
LME Copper
i think all commodity will run by SHANGAI chart ( bullish )
Thursday, December 16, 2010
Nifty
Gold & Dollar charts are not trading in one way but sometimes when the Dollar rises then gold is in consolidate pattern rather than fall .
1st box indicates Dow & Dollar are trading in one way then
2nd box indicates GOLD & Dow are trading one way.
so i think at this time Gold has been upward so much, so we could see Gold & Dollar may be trading in one way
USDINR & BSE sensex
If u see in 2008 year--- we could see USDINR is trading in LL & HL pattern which is positive signal ahead and Sensex is in HH pattern which is also positive but if u add two charts at that time then we see Divergence that means something is going to be wrong ---FALL
Same is in 2009 year----Rise
so at last we don't see any big divergence at this time that means we have not worry to a big fall
US Dollar & DOW & Comex GoldSame is in 2009 year----Rise
so at last we don't see any big divergence at this time that means we have not worry to a big fall
1st box indicates Dow & Dollar are trading in one way then
2nd box indicates GOLD & Dow are trading one way.
so i think at this time Gold has been upward so much, so we could see Gold & Dollar may be trading in one way
US Dollar & Comex Copper & Comex Gold
Wednesday, December 15, 2010
Nifty,copper
Monday, December 13, 2010
Nifty spot
I think we r in C wave pattern which should be in 5 wave pattern according to EW method. but if the price line cross the 6000 levels again then it may be convert in bullish pattern so any bounce back will be the good opportunity for creating short position with the tgt. of 5400/5300 according to Fibonacci Resistance.
if u r talking about in HR. chart then we could see some selling pressure below 5795 tgt. 5740-50 levels. then upward till the levels of 5950 with sl 5717 .
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