Tuesday, March 16, 2010

TREND WATCH-MARCH 17

· Last swing low is at 5101. (Higher low)

· 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 5049.

· In the short term,

--- Nifty is again in uptrend (from 11th March.) with targets of 5180**, 5230.

--- The up trend will ‘terminate’ below 5101.

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