FTSE

FTSE is quite similar as DOW and S&P charts but at this time i think downtrend pattern will be completed as early than other Index charts so according to me FTSE is trading in C wave which may be 2nd wave . that will be the support to other index as well as commodity index also to go upward .

EURUSD

After B wave completed C wave should be ended near 1.37 levels in 5 wave pattern as i indicated in chart. But longer term chart is quite difficult me to prediction for further move so thats why i am just going through short term chart then after i will be clarify later.

S&P,Nifty

Nifty

i don't think nifty should fall without achieved the tgt. which is 5660/5700 levels of C wave . i will be positive after getting conformation in RSI .lets see

S&P

after completed 5 wave pattern now its turn to for ABC wave , so at this time we may see A wave which is in 5 wave thats means B wave should not cross previous high, it may come 38-50% of A wave .

MCx Copper

After completed 4th wave now its turn to for 5 the wave . but at this time trying to make some kind of consolidation which we can say that trading in 2nd wave. so creat short position @ cmp or near 407 levels with sl 413.60 tgt. 390/380/375 levels