NIFTY

It seems A wave has been completed of 2nd wave then we could see a triangle pattern for further trading where range could be ( 5600-5900).

 

SBIN ( WORSE SITUTAION HAS BEEN STARTED IN THE MKT.)

I think SBIN has been completed 2nd wave if it is true then wait for confirmation to do short for the longer position after a small bounce back.

 

 

 If SBIN has been shown for very bearish then may be worse situation has been started in the mkt.( As I said before --Nifty to touch at least 3700-4000 levels)

 

NIFTY, GOLD,COPPER MONTHLY CHART

NIFTY 1HR. FUT.

GOLD MONTHLY

COPPER MONTHLY

NIFTY MONTHLY

 

Gold--- Free falling movement in gold at this levels is indicating bearish But I feel we could still in falling channel line pattern . and 1400 could be very strong resistance point , so here it may be to touch 1700 levels again bcoz 4th wave is still running according to me .and fearness of falling in eqilty that will be automatically to effect on Gold also means may be consolidate pattern weather there is no bullish sign .

 

Copper---Falling or 3 rd wave has been started in longer term chart

 

Crude--- same as copper pattern . $40 we could see in mid of 2014

 

Nifty

NIFTY 1 HR. CHART

NIFTY DAILY CHART

Nifty did fall as i told before but it touched 5604 (  which is previous low in daily chart) as well as there is no bullish candle pattern yet so we should look for bearish at this moment till 5400-5450 levels for short term .

 

   According to 1hr. chart recent fall is in 5 wave pattern which indicates small bounce back , That could be add more short position at higher levels .

 

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 .