TREND WATCH-APRIL 30 & MAY 3

• Last swing high is at 5342. (Lower high)

• Last swing low is at 5202. (Higher low)

• In the medium term,
--- Nifty is now in corrective down move (from 19th April) with targets of 5120, 5040.
--- The down move will ‘terminate’ above 5382.

• In the short term,
--- Nifty is in down trend (from 15th April) with targets of 5260**, 5230**, 5200**.
---The down trend will terminate above 5342.

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

***SP.NOTES**
---Swing low of 5202 formed now which is higher then previous low of 5161.

TREND WATCH-APRIL 28 & 29

• Last swing high is at 5342. (Lower high)

• Last swing low is at 5161. (Lower low)

• In the medium term,
--- Nifty is now in corrective down move (from 19th April) with targets of 5120, 5040.
--- The down move will ‘terminate’ above 5382.

• In the short term,
--- Nifty is in down trend (from 15th April) with targets of 5260**, 5230**, 5200**.
---The down trend will terminate above 5342.

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

***sp.notes**
--swing high of 5342 formed now.

TREND WATCH-APRIL 22 & 23

· Last swing high is at 5382. (Lower high)

· Last swing low is at 5161. (Lower low)

· In the medium term,

--- Nifty is now in corrective down move (from 19th April) with targets of 5120, 5040.

--- The down move will ‘terminate’ above 5400.

· In the short term,

--- Nifty is in down trend (from 15th April) with targets of 5260**, 5230**, 5200**.

---The down trend will terminate above 5382.



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

trend watch-april 21

· Last swing high is at 5382. (Lower high)

· Last swing low is at 5161. (Lower low)

· In the medium term,

--- Nifty is now in corrective down move (from 19th April) with targets of 5120, 5040.

--- The down move will ‘terminate’ above 5400.

· In the short term,

--- Nifty is in down trend (from 15th April) with targets of 5260**, 5230**, 5200**.

---The down trend will terminate above 5382.



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

***sp.notes**
--swing low of 5161 formed now.

TREND WATCH-APRIL 20

• Last swing high is at 5382. (Lower high)

• In the medium term,
--- Nifty is now in corrective down move (from 19th April) with targets of 5120, 5040.
--- The down move will ‘terminate’ above 5400.

• In the short term,
--- Nifty is in down trend (from 15th April) with targets of 5260**, 5230**, 5200**.
---The down trend will terminate above 5382.

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


***sp.notes**
--Nifty was in medium term uptrend which is terminated now.
--All targets for short term downtrend achieved now.

TREND WATCH-APRIL 19

• Last swing high is at 5382. (Lower high)

• In the medium term,
--- Nifty is in up trend (from 29th March.) with targets of 5450, 5550, 5700.
--- The up trend will ‘terminate’ below 5187.

• In the short term,
--- Nifty is in down trend (from 15th April) with targets of 5260**, 5230**, 5200.
---The down trend will terminate above 5382.

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

TREND WATCH- APRIL 16

• Last swing high is at 5382. (Lower high)

• 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 5187.

• In the short term,
--- Nifty is now in down trend (from 15th April) with targets of 5260**, 5230, 5200.
---The down move will terminate above 5382.

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

***sp. notes**
--all taregts for short term corrective down move achieved today.
--Nifty closed below last swing low of 5290. so nifty is now in short term down trend.

Dear Deepak,
I have no charting software so it will be difficult to post the charts here.
I will try to upload charts from chart-nexus or i-chart when ever it is possible for me.

Dear Nagarajan,
Yahoo recently changed the colours in the chart. so I will correct it in the week end. and do read about bollinger band from the link given at the blog.
I will also try to put details about the system here in week end if time permits me.

TREND WATCH-APRIL 13

· Last swing high is at 5382. (Lower high)


· Last swing low is at 5290. (Lower 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 5187.


· In the short term,

--- Nifty is in corrective down move (from 8th April) with targets of 5320**, 5290**, 5260.

---The down move will terminate above 5382.



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

TREND WATCH-APRIL 12

• Last swing high is at 5400. (Higher high)

• Last swing low is at 5290. (Lower 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 5187.

• In the short term,
--- Nifty is in corrective down move (from 8th April) with targets of 5320**, 5290**, 5260.
---The down move will terminate above 5400.

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

TREND WATCH-APRIL 9

• Last swing high is at 5400. (Higher high)

• 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 5187.

• In the short term,
--- Nifty was in uptrend (from 26th March.) which is terminated now.
--- Nifty is now in corrective down move with targets of 5320**, 5290**, 5260.
---The down move will terminate above 5400.

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

TREND WATCH-APRIL 8

• Last swing low is at 5345. (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 5187.

• In the short term,
--- Nifty is again in uptrend (from 26th March.) with targets of 5320**, 5380**, 5420**.
--- The up trend will ‘terminate’ below 5345.

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

***sp.notes**
--All our targets for short term uptrend achieved today.
--new swing low now formed at 5345.

TREND WATCH-APRIL 6

• Last swing low is at 5235. (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 5235.

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

***sp.notes**
--Nifty closed above last swing high of 5329 suggests continuation of the current trend.
--Our second target of 5380 of short term uptrend achieved now.

TREND WATCH-APRIL 5

· Last swing low is at 5235. (Higher low)

· Last swing high is at 5329. (Higher high)

· 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 5235.



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


***sp. notes**
--New higher swing low now formed at 5235.
--So termination value for short term trend now changes to 5235 from 5187.