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EW analysis on nifty & commodity
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Author EW analysis on nifty & commodity
manu_5123454
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Joined: 22 Oct 2009
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Post: #1   PostPosted: Sat Jul 03, 2010 3:23 pm    Post subject: EW analysis on nifty & commodity Reply with quote

price line is moving down as well as bearish crossover in MA at the higher levels stage near 5300 . below 5200 we will see sharp fall according to my analysis which indicates in the chart analysis so it may be 2nd wave .

weekly candlestick indicates --bearish after Doji candle.
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manu_5123454
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Post: #2   PostPosted: Sat Jul 03, 2010 3:26 pm    Post subject: Reply with quote

This is Emerging market ETF daily index ---which is showing bearish at this level.
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manu_5123454
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Post: #3   PostPosted: Sat Jul 03, 2010 3:28 pm    Post subject: Reply with quote

USDINR----breakout above 46.90 tgt. 48.20
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manu_5123454
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Post: #4   PostPosted: Sat Jul 03, 2010 5:03 pm    Post subject: Reply with quote

i think mcx coper may touch 290 level but should not go below previous low ( which is 286 )
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manu_5123454
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Post: #5   PostPosted: Sat Jul 03, 2010 5:05 pm    Post subject: Reply with quote

gold may rise from 18200 levels to 19300 levels which is very strong resitance zone for entier pattern
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manu_5123454
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Post: #6   PostPosted: Sat Jul 03, 2010 5:07 pm    Post subject: Reply with quote

EURUSD 5th wave tgt. near 1.15 levels and positive divergence in RSI,MACD indicates huge bullish in ahead.
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manu_5123454
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Post: #7   PostPosted: Sat Jul 03, 2010 5:08 pm    Post subject: Reply with quote

DOW may touch 9200 levels in this month
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manu_5123454
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Post: #8   PostPosted: Sat Jul 03, 2010 5:30 pm    Post subject: Reply with quote

comex gold may rise from near 1188 level to 1250-1260 levels again
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manu_5123454
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Post: #9   PostPosted: Tue Jul 06, 2010 4:31 pm    Post subject: nifty Reply with quote

after abcXabc pattern completed now its turn for the 2nd wave near 5320-30 levels as i think
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manu_5123454
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Post: #10   PostPosted: Wed Jul 07, 2010 1:35 pm    Post subject: Reply with quote

i think tatasteel may stay uptrend for atleast 3 to 4 days then go downtrend to the level of near previous low or below.
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manu_5123454
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Post: #11   PostPosted: Thu Jul 08, 2010 12:56 pm    Post subject: Reply with quote

as i told on 3rd july ----gold may go down then uptrend will be continue

yesterday gold has been achieved my lower level tgt. ( mcx-18250-80 levels). from onwards i am very bullish on gold for the levels of 19300-200 in 1 month.

in comex gold---it may touch 1232 levels.
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manu_5123454
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Post: #12   PostPosted: Thu Jul 08, 2010 1:01 pm    Post subject: Reply with quote

After 5 wave completed eurusd may come down --1.2320
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manu_5123454
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Post: #13   PostPosted: Thu Jul 08, 2010 1:16 pm    Post subject: Reply with quote

i think copper should not go above the upper blue trend line and it may come down in this month 280 or previous low ( mcx 290-85)
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manu_5123454
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Post: #14   PostPosted: Fri Jul 09, 2010 2:24 pm    Post subject: Reply with quote

infosys daily chart is showing overbought as well as negative divergence in daily ,weekly, 1hr. chart.

and according to elliott wave analysis (EW) 5 wave pattern has been completed , so every rise to built short position in this script for the period of long,midium,short term.

infosystech result will be announce on 13th july . i don't look on cmpany's result good or bad , just look only chart.
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manu_5123454
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Post: #15   PostPosted: Fri Jul 09, 2010 2:25 pm    Post subject: Reply with quote

infosys
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