Nifty Update

Nifty in formation of a Broadening wedge pattern at 9600++

Projection says wave -V completion in range 9614-9680 range

Taking small risk with sl above 9702 for channel bottom coming around 9360

Asian Paints

Asian Paints formed a Fabulous pattern in down side

A Broadening wedge formation.

Short with keeping sl above 1155

For downside level of 1070 around

Excellent risk reward ratio

Nifty & Bankex Update

Nifty with today low of 9340 completed Wolf wave

If 9310 safe than we may witness a Good bounce soon in Nifty till 9420-9450++

Bankex today in tight range made a new low near 22471 but bounce while closing
Completed its Wolf Wave as posted chart yesterday.

Now if Today low safe than a bounce till 22650-22780 possible
Below Today low Bankex can go till 22300

Nifty & Bankex Update

Bankex today forming a nice wedge pattern

If tomorrow a new low formed & Up than WW may trigger big for 22700-900++

But if sustain below 22500 than a big breakdown possible

Nifty too forming a WW
If Today lows saved than it may trigger Upmove towards 9480-9510 again

Bank Nifty Update

Bankex made more confusion today

While it breaks above old high but not sustain for few minutes

What Nxt

Pattern suggesting a Symtric Triangle at top which some times Reversal Pattern too.

Now Short below 22620 Only & Long above 22920

Its in a Broad range of 300 points, But any side Breakout will bring a 600++ point move..

Downside looking for 21900 again & Upside 23200++

Nifty Updated View

Nifty today high disturb whole thing and Patterns

Still its in big confusion state

Below 9405 Nifty can attempt to complete its H& S pattern towards 9270

Above 9505 it can rise in the Upward channel towards 9555-75 range

So now we have a Upper & Lower level both

Nifty & BankNifty View

Both index in formation of a Downward channel

Sell on rise till 9533 Nifty & 22980 Bankex safe

Till now Wave iii done in both & Wave iv running

This invalid above
Nifty -9488
Bankex- 22855

Monday will decide if these levels safe with Gap up than good down move expecting

Crude

Crude looks like ready for  decent correction

From its bottom of 2839 till 3280 a 5 wave move almost complete

Now coming to Daily chart
Crude is in a formation of Broadening wedge type pattern
In this it already completed wave iv & last wave V may began which can take Crude towards 2600-2700 range again.

Above 3340 this pattern invalid. So risk is of only 60 points with reward of 500+++ points

Holding period 1 month

Silver channel

Silver is on my radar since its fall

Last full week in a tight channel trading

A breakout move above 38500 will bring good upmomentum

Otherwise if channel not break than 37600 channel bottom possibility

to retest

CrudeOil

Crude after a V shape recovery now resting in tight zone

A move till 3024 possible to retest last week breakout

Long near 3024 with sl below 2970

Upside looking for 3160++

Retest of long term channel breakdown

Nickle ascending traingle

Nickle forming a ascending Triangle pattern

Multi tops at 604

A break move past this can bring 619+++ fast
Sl below 594 after active

Copper H&S

Copper forming a Head & Shoulder pattern on hourly chart

Short only below 357.5 candle Open
with a Sl above 363.5

Downside-353/349 projected

Bosch Wolf Wave

Bosch completed a WW today with High 23800++++

Shorts can initiate below 23300 for 21900 levels

A good Risk reward trade with 500 risk 1500 Profit target

Godrej Ind

Godrej forming a Nice WW

Short close to 559 for 515 levels

Sl above recent high of 581

Eicher

Eicher can fall below 25400

Expecting a 2000 points fall in it

A candle open below 25400 triggers this fall

Dish karo Wish Karo

Dish TV can be shorted below 94 for 87 odd levels

Fall may be fast but Candle must open below trendline

Dabur

Dabur bearish Chart

Short below 270 candle closing only

For 259 immidiate target & 231 Positional Target

HeroMoto

Hero moto in  a tight wedge forming a WW

Short near 3390-3420

SL above 3459

Downside 3249

A Good R:R trade

BPCL

BPCL can be swing short only candle close below 715 for target of 655

Sl above recent high