NIFTY

After completed 5 wave pattern and A wave , now its turn to B wave which may be near 5350 levels but ultimately C wave should be near 5750/5800 levels in 2 weeks (if sustain above previous low 5170 levels ) once break lower levels then we will see more more bearish pattern as i think.

so according to --longerterm--bullish, mid term ----bearish, shortterm---bearish ( but bullish above 5600 levels tgt. 5800) but be careful near 5800 levels.

Copper

Short copper @ cmp sl 450 tgt. 428 ( i think this fall pattern should continue )

MCX Copper, Zinc

MCX Zinc

As i told before i am very bullish on zinc according to bullish triangle pattern as well as EW theory so at this time we can add buying position in zinc or near 111.50 levels.

MCX Copper

after 20-25 point falls from higher levels still it does not indicate for bearish in daily chart pattern so we r in already bullish mode . Thatswhy i just want to take buying position in copper at this levels with sl 441 tgt. 455/465/477. if the price pattern will fall below 441 lvels then u can reverse the position for the tgt. of 435/428

Reliance

After completed 5 wave pattern now it's turn to corrective of total impulsive wave pattern. so i think C wave may be completed near 990 levels with sl 887

MCX Copper

As i told before short copper @ 457 but it didnot go below 451 levels at this time i would suggest to square off all short position near 456 levels because dpwntrend pattern has been completed as i think and do buy at this level with sl 452.5 tgt. 466/475

LME ZINC

Zinc is under performer than copper so i would recommended to buy near 108 or for longer term buy above 114 levels tgt. 121/127/140

i am very bullish in zinc in near future

MCX Copper

At this point MCX Copper indicates bearish signal till 445 levels . so u can do short @ 457 sl 460 tgt. 445 . If copper will go beyond the 460 levels then go to buying with sl 455 tgt. 471-77 levels