Wednesday, February 13, 2013

NIFTY,USDINR,DOW ,CRUDE,COPPER

CRUDE OIL

DOW TRANSPORT

DOW INDUSTRIAL

HG COPPER

USDINR

NIFTY MID TERM

NIFTY LONGER TERM
NIFTY---One is longer term chart and another is mid term chart are indicating 1st consolidation pattern may happen then bearish. From this levels i think nifty may create symmetrical traingle pattern ,and looks like USDINR chart.

Commodities and Equities of every country may show down trend after bit consolidation in weekly chart . Unfortunately Nifty may not touch 6300 levels as i told before due to H&S pattern creates in daily chart near 5840

           Nifty should trade in between 5800--6000 levels then decide to go which mode till budget . According to pattern Budget shouldn't be excited .

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