Thursday, March 11, 2010

TREND WATCH-MARCH 11

· Last swing low is at 5092. (Higher low)

· Last swing high is at 5147. (Higher high)


· In the medium term,

--- Nifty is in up trend (from 26th Feb.) with targets of 4990**, 5070**, 5150**. (All targets achieved)

--- The up trend will ‘terminate’ below 4834.


· In the short term,

--- Nifty is in uptrend (from 11th Feb.) with targets of 4880**, 4900**, 4960**.

--- The up trend will ‘terminate’ below 5092.



(Targets are +/- 20 points, ** means target achieved)