1HR. NIFTY, MCX COPPER ,DOW TRANSPORT,USDINR

1 HR. NIFTY CHART

 Nifty's price line didn't cross the previous low and closed above lower trend line which indicates bullish signal for  completing of B wave till the levels of 4175-4200 . but i think we should be cautious at higher levels , may be 1st wave has been extended . Then it may be go up near 5400 levels

MCX COPPER

 Bullish candlestick pattern with higher volume signals bull may be extended near 380-385 levels in few days with sl 339 levels. which may be C wave as i indicated in chart of last wave of correction pattern. so we should have to wait for some kind of correction movement at this levels  ( may be good buying levels 345-51 ).

DOW TRANSPORT AVG.

 1st wave has been completed and B wave is continuing .

USDINR

I am very confused to Analyze the longer term trend of USDINR  but yes in short term i am sure we should look some kind of correction pattern till the levels of 47-48 after completed 5 wave .

NIFTY , Dow Transport Avg.

NIFTY

 Nifty didn't touch 4670 levels as i think before but good bounce back at lower levels indicates C wave has been started so an kind of correction pattern will be get opportunity to add buying potion at lower levels.

DOW TRANSPORT AVG.

Dow has been taken support near 3950 levels as i said before , but at this time i think some kind of correction pattern we may see at higher levels which could be 2nd wave of C wave.

DOW TRANSPORT AVG.

DOW TRANSPORT AVG.

Yesterday falls below previous low indicates bearish should continue with the tgt. of 3950--3850 levels in Dow Transport Avg. if u look This chart price has been crossed strong support area according to fibonacci as i indicated in chart . so Trend pattern as well as fibonacci support are indicating bearish should continue but my thinking suggests we may not see more downfall pattern at this time so be cautious while making shorting position. Lets see.

US DOLLAR INDEX , DOW TRASPORT AVG. , MCX COPPER

US DOLLAR INDEX

 After touched 79.50 levels now times to turn downtrend  if breakdown below 77.80 levels Tgt. will be 76.70 or 75 levels in few days in 5 wave pattern which is C wave of entire impulse wave pattern .

DOW TRANSPORT AVG.

 Dow has been fallen from higher levels as i told before but have to look on price shouldn't go below 4098 levels then breakout to upper levels will be shown to go higher high

MCX COPPER

I think copper 5 wave has been completed near 343.6 levels as well as A wave also . but at this time trying to make finish of B wave near 333-35 levels. Yesterday fallen 343 levels indicates one more bearish pattern we can see  near 333-35 levels in 1to 2 days. & 1hr. chart suggests copper may go up 353 levels by Monday which could be good levels to go short in MCX with sl 363.50. Positive Divergence in MACD & RSI are showing to bottom-out in copper at this time.

1 HR. Nifty Fut.

Nifty Fut. chart indicates one more downfall pattern may be happened in 5wave which is C wave of 2nd wave as i think due to bearish candle pattern ( Blended candle ). and breakdown below upper trend line suggests to go short with sl 5036 in fut.

MCX Copper

           After Big fall from higher level now it indicates to stop at this time for some kind of consolidate pattern as i think in ABC wave pattern as well as getting Fibonacci Support also near 340-352 levels. and we may see to the upper levels from onwards which could be 380 levels to completing of ABC wave pattern.

           For the longer range----- As i told before that Copper is trading in 5 wave pattern but if u look on recent low which is near 3rd wave that means it shouldn't trade in 5 wave pattern and could be ABC wave . if it is true then we could see huge downfall after completed the recent 5 wave pattern as i indicated in charts. But yes i am not sure for longer trading range and at this time i am just looking for 300 levels in MCX after completing 4th wave.

Nifty, 10 Year Treasury Note, DOW Tranport Avg.

NIFTY Daily Chart

1 HR. Nifty Chart

 Nifty didn't touch 4700 levels but if u look on B wave of C wave it's looking like 5 wave pattern that means C wave may be completed . And now onwards i think price line should not go below previous low which is 4759 then  Breakout above recent high after falling pattern which will indicate for UPTREND.

10 Year Treasury Note

 After Breakdown below 130 levels it indicates 5 have pattern has been completed and now for onwards for ABC wave , so its ultimately effects on other markets for positive bias .

DOW Transport Avg.

Price line has been taken support near Fibonacci support line as i told before so at this time i think it should go for preparation for C wave which should in 5 wave for the uptrend