NIFTY,USDINR,DOW ,CRUDE,COPPER

CRUDE OIL

DOW TRANSPORT

DOW INDUSTRIAL

HG COPPER

USDINR

NIFTY MID TERM

NIFTY LONGER TERM

NIFTY---One is longer term chart and another is mid term chart are indicating 1st consolidation pattern may happen then bearish. From this levels i think nifty may create symmetrical traingle pattern ,and looks like USDINR chart.

Commodities and Equities of every country may show down trend after bit consolidation in weekly chart . Unfortunately Nifty may not touch 6300 levels as i told before due to H&S pattern creates in daily chart near 5840

           Nifty should trade in between 5800--6000 levels then decide to go which mode till budget . According to pattern Budget shouldn't be excited .

COMEX GOLD

COMEX GOLD DAILY CHART

COMEX GOLD WEEKLY CHART

 

Daily chart indicates fresh short may continue due to kind of traingle pattern with down trend in Moving Avg. for the tgt. of 1600. But weekly chart is showing strong trading range pattern with triple tops and bottoms . I think downtrend pattern could continue for the short term period and cup & handle pattern indicates bullish .

NIFTY

In C wave 3rd wave is not completed yet but rising digonal pattern indicates bearish for short term . But ultimately i think nifty should touch 6300 levels before big bearish moment happened

so i am just waiting to add at lower levels .

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