Monday, March 29, 2010

TREND WATCH-MARCH 30

· Last swing low is at 5187. (Higher low)


· In the medium term,

--- Nifty is again in up trend (from 29th March.) with targets of 5450, 5550, 5700.


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


· In the short term,

--- Nifty is again in uptrend (from 26th March.) with targets of 5320**, 5380, 5420.

--- The up trend will ‘terminate’ below 5187.



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