Nifty Spot

Nifty is trading above 5200 levels which means we may see some kind of consolidate pattern to completing of total 5 wave pattern of A wave then could see downfall in ABC wave near 4900 levels.But i will create short position after completed 5 wave.

4900 levels is not a strict advice to buy but hope so to take support near this levels or according to pattern.

ATX, DOW Transport, Shanghai , NYSE

ATX Weekly Chart

Austria (ATX) Daily Chart

Dow Transport

NYSE Chart

Shanghai

Every country's Index is showing some kind upward movement is still active which may be C wave of total upward movement then could see free fall like 2008 year.

LME--- ALUMINUM ,LEAD, COPPER

LME ALUMINUM CHART

LME COPPER CHART

LME LEAD CHART

i think this will be the last rally in every base metal commodity market to taking new high as i indicated in chart . then we will see a good correction of total rising pattern but impossible to talk NOV.--DEC. of 2011 low's or not because a good pull back rally may be happened after a small correction in EURUSD as well as Equity market also. but my mind is still open to taking position in both side.