Saturday, January 15, 2011

MCX Copper, DOW, US Dollar

US Dollar
this Broadening Triangle pattern indicates bullish , if this pattern happens the we will see more bullish in ahead

DOW


This Wolf wave pattern suggests bullish may be completed at any time and should convert in bearish pattern .

MCX Copper
After huger rally from lower levels 290 which is the sign of bullish but at this time All patterns will be completed near 448-51 levels as i think. so i would to suggest square off all long position near this levels. and wait for creating short position

Nifty 1 HR. chart


nifty made new low but i think it should touch 5950 levels in 5 wave pattern as i indicate in chart . so i would to prefer to buy after conformation at lower levels .

Long term----Buy Mode, Mid term---MIX , Short Term---Sell mode, 1 hr.chart---sell mode ( but more chances to do bounce from this levels and convert in buy mode )

so if you are not comfortable to buy then can wait for 5950 levels to go short.

Friday, January 14, 2011

Nifty 1hr. chart


i think right now Nifty may face some kind of fall but wouldn't cross the previous low . if this will be happened then we will see 5950-6000 levels in few days.SL ( today's low)

Saturday, January 8, 2011

Comex GOLD


Comex SILVER
Silver chart pattern is different from Gold pattern. Bearish Engulfing Candle suggests in weekly chart bearish .

Comex GOLD

After Huge rally it indicates down trend pattern may be started from this level for longer term in ABC pattern . so for the short term gold price has been crossed previous low which indicates short term fall . so at this time i think EQUITY market will run along with GOLD

Friday, January 7, 2011

MCX Nickel


Daily Nickel chart suggests free fall at this time after breakdown previous low so i think it should at least 1060 levels( strong support according Fibonacci ) .

EURUSD


EURUSD has been breakdown strong support 1.30 levels which is strongly indicates bearish in ahead till the levels of 1.15/1.10 levels , so be careful in equity market as well as commodities market

MCX copper

copper has been crossed previous low which is indicating for bearish one can go short @ cmp or above tgt. 407 levels in few days