NIFTY SPOT 1 HR. CHART

I think Nifty should go up near 5500 to 5550 levels to complete of B wave then could see downfall pattern near 5200 levels . whatever buying position SL should be near A wave as i indicated in chart.

Comex Copper

I think copper should touch 4.1 levels in Comex and in LME near about 9050 levels then could see corrective pattern in ABC mode with sl 3.77 in Comex

NIFTY SPOT

As we know that Nifty is making HH to HL and it's trading near about 5600 levels . According to fibonacci analysis 5650-5700 is strong resistance point so we have to stay in cautions at this levels to add fresh position . According to my point of view A wave is not  still completed  yet so we may see some kind of falling  moment to completing of 5 wave pattern near 5700 levels then most probability to see a profit booking or downfall pattern at higher levels as i indicated in chart .

 I am not running behind the Nifty's trend but looking for a good opportunity to add buy or sell position. but yes when i will get opportunity after completed 5 wave of A wave then i will do short for the TGT. of not sure may be 4900 levels and waiting for negative divergence in RSI daily chart.  

U can see --BHEL (TGT.380-390) , INFOSYS-- (TGT. 3260) , Hindalco--- buy near 135-140

           

COMEX COPPER, CRUDE, EURUSD, USDINR

EURUSD

COMEX COPPER

COMEX CRUDE

USDINR

Comex crude---- Crude price is still trading below my sl levels 103.73 . i think it should come down 86-87 levels to completing the entire pattern. if it goes above my Sl levels then could see 112-113 .

EURUSD--- It is trying to make in ABC wave pattern of falling pattern of ABCDE wave to completing 2nd wave .

Comex Copper--- Copper is achieved my TGT. price which is near 4.00 levels  and i am looking for some kind of correction pattern in ABC wave where A wave has been completed and prepares for B & C wave . This down fall pattern may be completed near 405-400 levels in MCX after touched 424-425 levels, in COMEX near 3.6 levels

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.