NIFTY VIEW

From the above chart of Nifty we are able to see that Nifty is forming an Evening star candlestick pattern along with trendline resistance. Nifty was moving in a triangular pattern from the highs of 8620 to lows of  7970, and it eventually Broke out of the triangle @ 8400 levels, the target was 8400+600= 9000, on 27 January it made a high of 8994 which was very near to the price pattern target. Shorts should be created in NIFTY with targets of 8500, and a high probable target of 7700 in the next 3-4 months. 

VIEW ON CRUDE OIL

From the above chart of of crude oil we are clearly able to see crude oil was moving in triangular pattern with the high 115$ and low of 65$. 115$-65$=50. The Break down of the Triangle pattern happened @ 95$ . The target of this was near 95-50=45$. The CMP is around 44.5$, it looks a lucrative bullish bet. RSI confirmed the triangle pattern and now crude oil is deeply oversold. Targets are 77$(38.2% retracement),91$(50% retracement),105$(61.8% retracement). 

View on USD INR

 From the above chart of USDINR we are able to see prices took resistance @ 50% retracement of the move from 68 odd levels to 58. I would advise to go long in USD INR with targets of  62.30, 63.5, 64.75. If by any chance if the prices close above 64.75, 68 would be a probable target. My ultimate target for USD-INR is 72. RSI confirms the USDINR contract was oversold so longs in it are justified.

VIEW ON DAX

From the above chart of DAX we are able to see clearly that DAX is is overbought zone. Earlier the prices were moving in a Triangular Pattern and finally Broke out of the pattern. Target of the pattern is decided by High-Low of the triangular pattern. 10093-9219= 900, the breakout happened @ 9800. Target for this was 9800+900=10700. Shorts should be accumulated with targets of  9870(38.2 retracement), 9600(50%retracement), 9300(61.8% retracement). If 9300 is taken out then the target is 100% retracement which is 8300.

VIEW ON DOW JONES INDUSTRIAL AVERAGE

From the above chart of Dow Jones, we are clearly able to see the prices were moving in a triangular pattern on 28 January prices have broken down from the triangular pattern, which is a very dangerous sign. Earlier the prices took support @ 38.2 retracement from the lows of 15855 to the highs of 18103. Target pattern of this comes out @ High of the Triangle pattern- Low of the Triangle pattern, 18103-17067=1036. 16200 is a possible target on Dow Jones in a couple of days. RSI confirms the breakdown of the price as it was also moving in tandem with the price, making a triangle pattern. Shorts should be accumulated for targets of 16200-16300.