Nifty,Dow Transport avg. ,10 Year Treasury Note

NIFTY

 

 

 

 B wave may be completed near 4700 levels or below this levels

DOW Transportation Avg.

 As i told Dow Transport may touch previous low . At this point i think this falling pattern is looking like 5 wave pattern that means it may take support at indicated in chart as strong support area. where RSI,MACD are giving positive divergence .so lets see.

10 Year Treasury Note

At this point Treasury note is the key driver for US market as well as commodity also . if u look on this chart then u will see 5 wave has been completed and waiting for correction as ABC wave pattern so any downtrend will be beneficial for Equity market.

Comex Gold

This is monthly chart of Comex Gold. which indicates uptrend is still active so at this point i think 4th wave may create ABC wave pattern or Triangle pattern as in indicated in chart then could see uptrend pattern.so lets see.

MCX Copper, Dow Transportation Avg.

MCX Copper

Dow Transportation Avg.

Dow Transportation Avg.----  As i told price line could take support near previous low then rise. so at this moment Bullish candle pattern indicates more bullish ahead with sl recent low which is indicated in black horizontal line in chart. and i think 1st wave may be completed near previous high of C wave then we could see some kind selling pressure at higher levels for 2nd wave . i think C wave should completed near 5100-5150 levels in near term.

MCX Copper-------  Copper price line has been breakdown previous support 411.80 levels which indicates it should touch 400 levels in 5 wave with sl 426.5 as i think. Copper's trend is not clear as we know that still its in bearish mode. if it falls below 387 levels then we will see more down trend pattern . but according to Dow ,EURUSD as well as Nifty all are indicating that price line may fall near 400 levels then rise above 430 levels. if it happens then huge uptrend pattern will see in near future.    

Nifty

After 5 wave and A wave completed now its prepare to make for B wave and which may be completed near 4700 levels below 4900. i think nifty should trade in between 4700--5300 levels for 1-2 months. then we will see more downtrend pattern. at this time i am going to make short position below 4900 levels for the tgt. of 4700 then square off all short position and wait for long position at lower levels.

Nifty 1hr. Chart,Dow Transport

Dow Transport

This chart is totally different than the Dowjones Industrial Avg. and S&P . but according to this chart 5 wave or C wave has been completed and trying to make in ABC wave pattern. where A wave may be completed near this levels of strong resistance point then may fall below of previous low near strong support point in 3 wave. then rise.

Nifty 1hr. chart

Positive divergence in MACD indicates bullish as well as in EW theory also. at this time i am just thinking nifty may fall from 5000 levels to 4950 levels then upward till 5150-5170 levels in 5 wave. which may be end of the total rising pattern from lower levels.

Nifty,Mcx Copper,Comex Silver, S&P

NIFTY

MCX COPPER

S&P

COMEX SILVER

MCX copper--- i think we may see one more down trend pattern which could be B wave near 388-90 levels. then rise till the levels of 420-25. below 8700 levels 8500 will be the next tgt. in LME copper chart..

Comex silver-- i don't think silver wouldn't fall more but i am very bullish till the levels of 50. where 3rd wave is not completed yet.

Nifty--- Nifty is in down trend pattern where we may see some kind of pull back rally also. after completed 3 rd wave then may see ABC wave pattern for the 4th wave where C wave must be near 5250-5300 levels before looking free fall pattern.

DOW

s we have seen , before EW theory has given signal Double dip recession when Dow is trading at 9670 levels after completed B wave of B wave according to Robert Prechter for the longer term . see one thing i just want to add EW theory is giving the direction of trend for further movement not for buying as well as selling . and u can analyze particular in Index chart , not for stocks . So u have to add position according to ur indicator which u have followed after getting confirmation in Trend. that wil be easy to get some profit in the market. I have seen most of the people said EW theory is nothing , this is BAKBAAS but they don't know how could it use or less knowledge to get identify the wave and it also use on shares,index etc. as like indicator for buying and selling . i just want to say this is not a easy theory as u have thinking ,there is if and but also. But in IF and BUT u have to find out which wave is right after learned this theory.

According to me i am just confirm the trend then go for indicators to add buying as well selling. This is the only one theory which could give signal for loger term view in the market as of my knowleadge still i am in learning stage.

And after completed B wave i think US market will give bailout package near C wave level or some days before so that Dow may recover from 5200 levels to 14500--15000 again which will be the B wave in ABC wave method . and in that rally Emerging market will get more benefit than US market. Thatswhy they are depending upon totally on Emerging market or BRIC countries.


i just want to express about EW theory which is written in above not like speech or advice for u have to follow.