Tuesday, December 16, 2008

5th up over on 45 mint nifty_f1 16dec




letus progress wave counting on 45 mint nifty_f1 chart
12345 wave series over
abc corrective move on card
sell on upmove should be trading strergies
(next day range)
NIFTY_F1* RC Wave* stoplls:2,976 next day_Buy above :2,986.02next day up target>3,002>>3,029>>>3,045
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NIFTY_F1* RC Wave* stoplls :2,986 next day_Short bellow :2,975.98next day lower target >2,960>>2,933>>>2,917

Monday, December 15, 2008

GBPUSD 4th up wave progressing 15-19 dec


Here GBPUSD (forex currency ) weekly chart
as chart says 3rd down over and
4th up wave on progressing
this 4th up wave takes less price upmovement and
more time consumes
cmp is 1.40 and upside target in comming days is1.60

Dow in consolidating band 15-19 dec



Here daily chart of dowjones
currently consolidating in range
some what bullishness still remain
but thiss bullishness not reliable
Dow_Jones* RC Wave* stoplls:8,545 next week_Buy above :8,666.58next week up target>8,863>>9,180>>>9,376
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Dow_Jones* RC Wave* stoplls :8,667 next week_Short bellow :8,545.42next week lower target >8,349>>8,032>>>7,836

Sunday, December 14, 2008

GOLD DISTRIBUTION CONTINUE 15-19 DEC



Here gold chart on daily basis
larger scale range and volatility is too high
so easly gets un ustablised
(each action have equal and opposite reaction)
chart paattern is not clear
hence we will count as corrective wave
obey level strictly
GOLDM12* RC Wave* stoplls:13,029 next week_Buy above :13,067.25next week up target>13,130>>13,230>>>13,293
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GOLDM12* RC Wave* stoplls :13,067 next week_Short bellow :13,028.75next week lower target >12,966>>12,866>>>12,803

NICKEL UP WAVE PROGRESSING 15-9 DEC



Here is commodity item nickel wekkly chart
on weekly basis 5th down wave over
up wave progressing
NICKEL12* RC Wave* stoplls:503
next week_Buy above :516.22
next week up target>537>>571>>>593
MONTHLY TARGET IS AS FOLLOWS
UPWAVE(4-5) MUT3 : --645
UPWAVE(2-3) MUT2 : --604
UPWAVE(0-1) MUT1 : --538
++++(498) PRICE IS BULLISH AVOE MONTHLYPIVOT POINT--------

Oversold copper waiting for upside pull back 15-19 Dec



copper on daily basis copleted 3rd downwave
after 3rd down wave 4th up wave on card
possible target is 185+ area
comming couple of week each decline in copper is buying oeprtunity
COPPER02* RC Wave* stoplls:161 next week_Buy above :162.60next week up target>166>>171>>>174
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COPPER02* RC Wave* stoplls :163 next week_Short bellow :160.60next week lower target >157>>152>>>149

some more conoslidation NIFTY_F1 15 -19Dec



as charts speaks

some more uper side move posibility

Then coming week some consolidaton because of market movent price and Time wise both should be consume more in this area of 4th up wave .

Trade stergies>sell on uper side and buy at lower

obey level strictly

NIFTY_F1* RC Wave* stoplls:2,920 next week_Buy above :2,947.73

next week up target>2,992>>3,064>>>3,109

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NIFTY_F1* RC Wave* stoplls :2,948 next week_Short bellow :2,920.27

next week lower target >2,876>>2,804>>>2,759