crude DP resistance area

source --www.dreamgetsystem.in

HIting greydot long stoploss  down momentam will complete main 4th wave ..double corection w x y  and  will start 5th dn wave .lower target 4821>4631 

Nifty Road Map

www.dreamgetsystem.in

nifty future behaved as per our  last  report http://rctrader.blogspot.in/2012/07/nifty-elliot-wave-report.html

now what??
if yesterday low 5107 not breached   then market will go in double correction .will prefer yellow road map then y up wave target will be 5325 near area later 5th dn will come
if breached yesterday low 51007  motion line will be down  will qualify in 5th dn wave possible target 4825
yellow road map is preferred road map let us say which way market move

GOLD-USDINR SOME FACTS

GOLD and USDINR Relation:
1) GOLD Comex Price constant: USDINR varies
At every One Rs depreciation or Appreciation in USDINR, Gold price at Indian exchange increase or
Decrease by approx. 525rs.

Illustration:
Suppose USDINR is 53rs and it depreciates to 54rs in the mean while COMEX Price of Gold Remains
constant at $1637.
Then Gold Price at Indian Exchange will Rise from 28310(@usdinr 53) to 28835(@usdinr 54)
Note: Vice versa of the strategy also holds good

2) GOLD Comex Price Varies: USDINR constant.

If USDINR is constant and gold price increases or Decrease by $1 than the price at Indian exchange will
increase or decrease by Rs17.

Illustration:
Suppose USDINR is 53rs and Comex Price of Gold increases from $1637 to $1638.
Then Gold Price at Indian Exchange will Rise from 28310(@1637) to 28327(@1638)

3) GOLD Comex Price Varies: USDINR Varies

1Rs depreciation in USDINR and fall of $30 in Comex price of Gold nullify the effect on Indian
exchange price of gold

Illustration:
Suppose USDINR is 53rs and it depreciated to 54 rs and meanwhile Comex Price of Gold fall from $1637
to $1607.
The price of Gold at Indian Exchange remains unchanged

SILVER HEADING TOWARDS 56000

NIFTY ELLIOT WAVE REPORT

NIFTY 5350 Dreamget 2ND degree Uper  target achvied ,usulay price get unbalanced at 2nd up target

now lower   level  5188 is intact..............