NIFTY FUT.

We saw a straight pull back rally from lower levels after divergence happened in daily chart and trading above weekly bullish candle also. so at this point I hope we could see a small correction then buy according to daily bullish candlestick pattern in daily chart at lower levels.

NIFTY BULL OR BEAR

NIFTY BULL

NIFTY BEAR

As i thought before Nifty should make H&S pattern near 5600 but seems it is not that. so at this levels i think Nifty will make Inverse H&S pattern if it happens then we will see again 6100 levels very soon but after breakdown below strong trend line indicates 6100 will give very good resistance as well as double top also. so i feel price will fall after touching 6100 levels to 5600 levels again . After that price will decide which way to go.

1st we have to see---- This is INVERSE H&S pattern or not

S&P DAILY

Inverse H&S pattern indicates bullish but according EW method there is one more bearish  need to completing  of  4th wave and RSI indiactes also H&S pattern with neagtive divergence so i feel downtrend must continue at higher levels in 5 wave pattern .

NIFTY FUT. (1HR. CHART)

Nifty is trading below H&S pattern which indicates to come 5550-5600 levels very soon. But according to my thinking another H&S pattern we may see as i indicated in chart and recent downfall should be in 5 wave where 3rd wave has been completed . 1hr. chart indicates oversold so thatswhy a bounce back possible in ABC wave of 4th wave .

USDINR,USDX,COMEX GOLD WEEKLY

COMEX GOLD WEEKLY

USDINR

MACD & RSI OF USDINR

USDX

USDINR DAILY--- According to chart pattern it may go down fall to completeing of 5 wave pattern very soon as well as Inverse H&S formation and indicators are also indicating to make inverse h&s formation . But i am very bullish for mid term to longer term in USDINR chart.
 

USDX----weekly chart shows H&S formation As well as RSI also but cann't say longer term bearish in USDX but yes , could see in mid term (down)
 

Comex Gold----Since 1 year gold is trading in a range from 1525 to 1800 levels in WXY wave method.and recent fall in 5 wave that indicates it may compelete near 1525 levels of Y wave as i feel at tihs time.

My thinking says gold could rise from this levels to upward ( positive impact happens could be falling in dollar )

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 .

COMEX GOLD

COMEX GOLD DAILY CHART

COMEX GOLD WEEKLY CHART

 

Daily chart indicates fresh short may continue due to kind of traingle pattern with down trend in Moving Avg. for the tgt. of 1600. But weekly chart is showing strong trading range pattern with triple tops and bottoms . I think downtrend pattern could continue for the short term period and cup & handle pattern indicates bullish .