NIFTY LONGER TERM CHART

Longer term chart indicates various levels as well as various patterns so thatswhy this is one of my favourite patten among as i posted before. But in this pattern LOWER BLUE TREND LINE is a strong strong line as we know and 3500 levels we could see in ABC wave after completing of B wave near 5800 levels in near fut.

                     I think from here NIFTY should touch 5800 if Nifty trade above lower trend line upward pattern in 1hr. chart.

    (Nifty couldnot crossed 5090 levels and gave a very pull back rally as i said before --5090 is a very strong support point)

       ( At this time i don't have full longer term chart so thats why i have indicated in green trend line --In which nifty has  been traded )

SGX Nifty

SGX Nifty1

SGX Nifty

SGX Nifty has been touched 5070 levels means we r out of the bearish movment and indicates C wave should start in 5 wave pattern. But here i think some kind of profit booking or downtrend pattern is there, then could touch 5700 levels as i think before .But 4750 levels is very much important at this time or you can say (SL) any kind of buying strategy at lower level. (SL) should be near 4750.If it breaks then could see free fall near 4600 levels that does not mean longterm bearish movement has been started .

                       I attached here two charts  ( where SGX Nifty for BEARISH and SGX Nifty1 for BULLISH ) . so lets see which one is right for further movment.

SPX, US SPX VIX Index

SPX DAILY CHART

US SPX VIX Index

VIX of US market would be finished ABC wave in near term  that means we could see pull back rally in equity market of US . and As i attached here SPX chart it indicates to completing of entire 5 wave declining pattern in this week so thatswhy i am very much bullish in equity market as well as commodity market of every country ( except GOLD ) .  1240 to 50 levels as strong support point and Nifty may touch 4650 levels.

                           Nifty , SPX are trading before as i posted to several mail ID . and i hope we could see a huge pull back rally in every market after getting confirmation. so let see.

&GOLD



Weekly Chart

Daily Chart

Gold is trading near 1550 levels and MACD which is showing bearish movement after brokendown in strong trendline as well as trading below the signal line that compelete indicates strong bearish movement  but Negtive divergence is not there that means we are trading in 4th wave of longerterm trend so it may go upto 1300 levels which is strong fibonacci resistance levels then could see a strong pull back upward rally in gold . So i think this downfall should continue in 5 wave pattern instead of ABC or in complicated pattern

USDINR,SGX NIFTY,EURUSD

USDINR

It has been increased from lower levels which is 49 as i told before but rising pattern is so much at this time so thats why we should stay in aleart to convert in bearish mode 

SGX NIFTY

Lower volume with traingle pattern indicates it should touch 5600 levels before breakdown , and nifty is tarding from 5175 to 5372 that means we are in consolidate pattern which is wait and watch pattern. once breached below 5175 lvels we could see 4800-4700 levels in few days. But my thinking suggests to go upward after crossed 5372 levels

 

EURUSD

As i told before it should touch 1.26 levels to completing of B wave but at this time we should wait for bearish conformation  below 1.30 levels . But before it may touch to previous high then fall ,lets see

SGX NIFTY

I Think today's fall is good for tomorrow .  small ABC waves have been completed of totall impulse wave from 5200 to 5550 levels . Budget could be quity impressive as i think , may be AAM ADMI budget . so thats why here i am just looking for a good buying levels to add more position above 5550 levels tgt. could be 5750--5800 in near term then trying to a fall may be near 5000 or 4900

DOW , COMEX COPPERDOW

DOW

 At this time dow is making higher high pattern but i think we may see small bearish to complete of small 4th wave of 3rd wave. so thats why near 13300 levels dow may fall.

COMEX COPPER

Every body knows Corrective waves are difficult to analyse for further movement .  After touched near LME 8200 levels i was thinking to bounce back then fall to near 8000 levels in LME chart. But instead of that it is making 3 wave pattern , now we may see falling pattern to get profit booking but it should not go below 8200 levels or recent low. Breached  above recent high after got a correction without touching recnt low then TGT. could be 4.1 levels in LME