Wednesday, April 7, 2010

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.