SGX Nifty

SGX Nifty1

SGX Nifty

SGX Nifty has been touched 5070 levels means we r out of the bearish movment and indicates C wave should start in 5 wave pattern. But here i think some kind of profit booking or downtrend pattern is there, then could touch 5700 levels as i think before .But 4750 levels is very much important at this time or you can say (SL) any kind of buying strategy at lower level. (SL) should be near 4750.If it breaks then could see free fall near 4600 levels that does not mean longterm bearish movement has been started .

                       I attached here two charts  ( where SGX Nifty for BEARISH and SGX Nifty1 for BULLISH ) . so lets see which one is right for further movment.

SPX, US SPX VIX Index

SPX DAILY CHART

US SPX VIX Index

VIX of US market would be finished ABC wave in near term  that means we could see pull back rally in equity market of US . and As i attached here SPX chart it indicates to completing of entire 5 wave declining pattern in this week so thatswhy i am very much bullish in equity market as well as commodity market of every country ( except GOLD ) .  1240 to 50 levels as strong support point and Nifty may touch 4650 levels.

                           Nifty , SPX are trading before as i posted to several mail ID . and i hope we could see a huge pull back rally in every market after getting confirmation. so let see.