NIFTY, GOLD,COPPER MONTHLY CHART

NIFTY 1HR. FUT.

GOLD MONTHLY

COPPER MONTHLY

NIFTY MONTHLY

 

Gold--- Free falling movement in gold at this levels is indicating bearish But I feel we could still in falling channel line pattern . and 1400 could be very strong resistance point , so here it may be to touch 1700 levels again bcoz 4th wave is still running according to me .and fearness of falling in eqilty that will be automatically to effect on Gold also means may be consolidate pattern weather there is no bullish sign .

 

Copper---Falling or 3 rd wave has been started in longer term chart

 

Crude--- same as copper pattern . $40 we could see in mid of 2014

 

Nifty

NIFTY 1 HR. CHART

NIFTY DAILY CHART

Nifty did fall as i told before but it touched 5604 (  which is previous low in daily chart) as well as there is no bullish candle pattern yet so we should look for bearish at this moment till 5400-5450 levels for short term .

 

   According to 1hr. chart recent fall is in 5 wave pattern which indicates small bounce back , That could be add more short position at higher levels .

 

NIFTY FUT.

We saw a straight pull back rally from lower levels after divergence happened in daily chart and trading above weekly bullish candle also. so at this point I hope we could see a small correction then buy according to daily bullish candlestick pattern in daily chart at lower levels.

NIFTY BULL OR BEAR

NIFTY BULL

NIFTY BEAR

As i thought before Nifty should make H&S pattern near 5600 but seems it is not that. so at this levels i think Nifty will make Inverse H&S pattern if it happens then we will see again 6100 levels very soon but after breakdown below strong trend line indicates 6100 will give very good resistance as well as double top also. so i feel price will fall after touching 6100 levels to 5600 levels again . After that price will decide which way to go.

1st we have to see---- This is INVERSE H&S pattern or not

S&P DAILY

Inverse H&S pattern indicates bullish but according EW method there is one more bearish  need to completing  of  4th wave and RSI indiactes also H&S pattern with neagtive divergence so i feel downtrend must continue at higher levels in 5 wave pattern .

NIFTY FUT. (1HR. CHART)

Nifty is trading below H&S pattern which indicates to come 5550-5600 levels very soon. But according to my thinking another H&S pattern we may see as i indicated in chart and recent downfall should be in 5 wave where 3rd wave has been completed . 1hr. chart indicates oversold so thatswhy a bounce back possible in ABC wave of 4th wave .

USDINR,USDX,COMEX GOLD WEEKLY

COMEX GOLD WEEKLY

USDINR

MACD & RSI OF USDINR

USDX

USDINR DAILY--- According to chart pattern it may go down fall to completeing of 5 wave pattern very soon as well as Inverse H&S formation and indicators are also indicating to make inverse h&s formation . But i am very bullish for mid term to longer term in USDINR chart.
 

USDX----weekly chart shows H&S formation As well as RSI also but cann't say longer term bearish in USDX but yes , could see in mid term (down)
 

Comex Gold----Since 1 year gold is trading in a range from 1525 to 1800 levels in WXY wave method.and recent fall in 5 wave that indicates it may compelete near 1525 levels of Y wave as i feel at tihs time.

My thinking says gold could rise from this levels to upward ( positive impact happens could be falling in dollar )