SPX

US Mkt. or SPX index is going to be crash after a small bounce back. and small bouce back will be indicated a ENDING DIAGONAL PATTERN  in weekly chart at higher levels with a Negative Divergence indicates free fall could be start OR we could say Beginning of Down Trend  Mkt.

    Again telling, i have confident on buying gold at this levels in Indian Mkt. bcoz Fearing is coming on Equity and Rising in Inflation as well as Depreciation in USDINR , which will be boost for Gold for longer term at least for the TGT. of 45000  .

NIFTY,SENSEX(LONGER TERM CHART) ,TATAMOTORS

TATAMOTORS

SENSEX

NIFTY

Short Tatamotors @ CMP for the Tgt. of 230/180 levels very soon due to Ending Digonal pattern is on Monthly , Weekly , Daily chart which are indicting huge fall is coming in Tatamotors so be careful at this stage.

                 Nifty is Trading below 5750 levels which was weekly strong support area so from here i feel free falling line should continue till 5200/5000 levels .and mid term chart pattern has been damaged so be careful to add buying position at this levels

               USDINR may touch 62.50 levels very soon but in near term we could see 65 levels

WEEKLY SENSEX CHART

SENSEX WEEKLY CHART

MSCI INDIA ETF

                    

                    This time we are very bearish in this mkt. but if u look on MSCI INDIA ETF then u will find a pull back rally after completing of 5 wave pattern near this current levels. and most of stocks including banking stocks also , these are very very oversold at this time so need to be a very good pull back rally or some kind of consolidation pattern for 2 months at least.

                    Thatswhy i believe ,we have to convert in bullish mode with sl of  18400 levels . but still mkt. is trading in a range which is (19150-20000).

                     According to contrarian method ---everybody is sitting in bearish side or doing short and advising short also ,so it must be bullish for some time , may be 3 months at least . Dow chart is still in bullish mode and showing bearish in USDX as well as USDINR .

                      From this point of view my view has been changed from bearish to bullish but not looking for longer term uptrend from this levels . yes , if mkt. falls below 18400 levels then i will be very bearish .                   

COMEX CRUDE OIL

 

Some days before It looked breakout from Inverse H&S formation which is the signs of very bullish pattern in weekly chart but at this time seems could be a false pattern due to trading below neck line But I think upward is still active because of RSI and Trend line . so we may see 102 to 103 levels very soon.  Near Lower Trend line need a Bullish Candle or Bullish Pattern in daily basis then should take action.

SPX,COMEX GOLD

SPX

Bullish till near 1684 levels.

COMEX GOLD

We will look a very good rally in Comex Gold till 1540 after breakout above 1400 levels.  but in MCX  , Rising pattern is still continue but I feel it should come near 27000 levels then see a another rising pattern near 30000 levels again.

 

 



NIFTY

we have seen Nifty didn't cross 6300 levels and consolidation in between rising diagonal pattern which means Bearish ahead. and 5650 as very good support area levels to bounce . if it falls out of the pattern as showing in this above image then we could see a free falling pattern in nifty as I say before till near 4000 levels.

                       This time ,I think USDINR may consolidate in between 57 to 59 levels for 1 to 2 moths but ultimately I think it should come at least near 50-51 levels again . but question is ---If NIFTY falls from here then how could USDINR be near 50-51 levels. Frankly speaking I don't know but chart pattern says to me like this as I said. LETS SEE.

NIFTY

It seems A wave has been completed of 2nd wave then we could see a triangle pattern for further trading where range could be ( 5600-5900).