Sunday, October 31, 2010

TREND WATCH-NOV 1

TREND WATCH------
• Last swing high is at 6151. (Higher high)
• Last swing low is at 5937. (Lower low)

• In the medium term,
--- Nifty is in corrective down move (From 15th October) with targets (+/-30 points) of 6000**, 5900, 5800.
---The down move will terminate above 6151.

• In the short term,
--- Nifty is in corrective down move (From 27th October) with targets (+/-10 points) of 6000**, 5960**, 5920.
--- The down move will terminate above 6151.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 5937 and 6032.
• Swing low of 5037 formed now as Nifty closed in green today.

Wednesday, October 27, 2010

TREND WATCH-OCT 28 & 29

TREND WATCH------
• Last swing high is at 6151. (Higher high)
• Last swing low is at 6041. (Higher low)


• In the medium term,
--- Nifty is in corrective down move (From 15th October) with targets (+/-30 points) of 6000**, 5900, 5800.
---The down move will terminate above 6151.


• In the short term,
--- Nifty is in corrective down move (From 27th October) with targets (+/-10 points) of 6000**, 5960, 5920.
--- The down move will terminate above 6151.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 5987 and 6076.
• Short term uptrend is now terminated as Nifty closed below swing low of 6041.

Tuesday, October 26, 2010

TREND WATCH-OCT 27

TREND WATCH------
• Last swing high is at 6151. (Higher high)
• Last swing low is at 6041. (Higher low)


• In the medium term,
--- Nifty is in corrective down move (From 15th October) with targets (+/-30 points) of 6000**, 5900, 5800.
---The down move will terminate above 6284.


• In the short term,
--- Nifty is in up trend (From 25th October) with targets (+/-10 points) of 6160**, 6180, 6200.
---The up trend will terminate below 6041.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 6074 and 6120.
• Swing high of 6151 formed now as Nifty closed in red today.

TREND WATCH-OCT 26

TREND WATCH------
• Last swing high is at 6121. (Lower high)
• Last swing low is at 6041. (Higher low)


• In the medium term,
--- Nifty is in corrective down move (From 15th October) with targets (+/-30 points) of 6000**, 5900, 5800.
---The down move will terminate above 6284.


• In the short term,
--- Nifty is in up trend (From 25th October) with targets (+/-10 points) of 6160**, 6180, 6200.
---The up trend will terminate below 6041.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 6095 and 6151.
• Swing low of 6041 formed now as Nifty closed in green today.
• Short term down trend is terminated now as Nifty traded above swing high of 6121.

Sunday, October 24, 2010

TREND WATCH-OCT 25

TREND WATCH------
• Last swing high is at 6121. (Lower high)
• Last swing low is at 5967. (Lower low)


• In the medium term,
--- Nifty is in corrective down move (From 15th October) with targets (+/-30 points) of 6000**, 5900, 5800.
---The down move will terminate above 6284.


• In the short term,
--- Nifty is in down trend (From 20th October) with targets (+/-10 points) of 5960**, 5920, 5880.
---The down trend will terminate above 6121.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 6041 and 6121.
• Swing high of 6121 formed now as Nifty closed in red today.

Wednesday, October 20, 2010

TREND WATCH-OCT 20

TREND WATCH------
• Last swing high is at 6127. (Lower high)
• Last swing low is at 5985. (Lower low)

• In the medium term,
--- Nifty is in corrective down move (From 15th October) with targets (+/-30 points) of 6000**, 5900, 5800.
---The down move will terminate above 6284.

• In the short term,
--- Nifty is in corrective down move (From 15th October) with targets (+/-10 points) of 6020**, 5980**, 5960.
---The down move will terminate above 6127.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 6008 and 6127.
• Swing high of 6127 formed now as Nifty closed in red today.
• Please note that currently short term trend is ‘down move’ and medium term trend is ‘down move’.

Wednesday, October 13, 2010

TREND WATCH-OCT 14

TREND WATCH------
• Last swing high is at 6188. (Lower high)
• Last swing low is at 6058. (Lower low)
• In the medium term,
--- Nifty is again in up trend (From 13th October) with targets (+/-30 points) of 6320, 6400, 6480.
---The uptrend will terminate below 6058.
• In the short term,
--- Nifty is in up trend (From 13th October) with targets (+/-10 points) of 6260, 6290, 6330.
---The up trend will terminate below 6058.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 6090 and 6240.
• Swing low of 6058 formed now which is lower than previous swing low of 6067.
• Short term down trend is terminated as nifty closed above swing high of 6188.
• Please note that currently short term trend is ‘up’ and medium term trend is ‘up’.

Tuesday, October 12, 2010

TREND WATCH-OCT 13

TREND WATCH------
• Last swing high is at 6188. (Lower high)
• Last swing low is at 6067. (Lower low)

• In the medium term,
--- Nifty is in up trend (From 6th September) with targets (+/-30 points) of 5590**, 5670**, 5750**. (All targets achieved)
---The uptrend will terminate below 5964.

• In the short term,
--- Nifty is in down trend (From 12th October) with targets (+/-10 points) of 6070**, 6020, 5970.
---The down trend will terminate above 6188.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 6058 and 6145.
• Swing high of 6188 formed now which is lower than previous swing high of 6223.
Short term corrective down move is now converted in to short term down trend as Nifty traded below swing low of 6067.
• Please note that currently short term trend is ‘down’ and medium term trend is ‘up’.

TREND WATCH-OCT 12

TREND WATCH------
• Last swing high is at 6223. (Higher high)
• Last swing low is at 6067. (Lower low)

• In the medium term,
--- Nifty is in up trend (From 6th September) with targets (+/-30 points) of 5590**, 5670**, 5750**. (All targets achieved)
---The uptrend will terminate below 5964.

• In the short term,
--- Nifty is in corrective down move (From 7th October) with targets (+/-10 points) of 6070**, 6020, 5970.
---The down move will terminate above 6223.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 6106 and 6188.
Swing low of 6067 formed now which is lower than previous swing low of 6118.
• Please note that currently short term trend is ‘corrective down move’ and medium term trend is ‘up’.

Thursday, October 7, 2010

TREND WATCH-OCT 8

TREND WATCH------
• Last swing high is at 6223. (Higher high)
• Last swing low is at 6118. (Higher low)

• In the medium term,
--- Nifty is in up trend (From 6th September) with targets (+/-30 points) of 5590**, 5670**, 5750**. (All targets achieved)
---The uptrend will terminate below 5964.

• In the short term,
--- Nifty is in corrective down move (From 7th October) with targets (+/-10 points) of 6070, 6020, 5970.
---The down move will terminate above 6223.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 6107 and 6199.
• Swing high of 6223 formed now which is higher than previous swing high of 6222.
Short term uptrend is now terminated as Nifty traded below swing low of 6118.
• Please note that currently short term trend is ‘corrective down move’ and medium term trend is ‘up’.

Wednesday, October 6, 2010

TREND WATCH-OCT 7

TREND WATCH------
• Last swing high is at 6222. (Higher high)
• Last swing low is at 6118. (Higher low)

• In the medium term,
--- Nifty is in up trend (From 6th September) with targets (+/-30 points) of 5590**, 5670**, 5750**. (All targets achieved)
---The uptrend will terminate below 5964.

• In the short term,
--- Nifty is again in up trend (From 1st October) with targets (+/-10 points) of 6100**, 6130**, 6230**.
---The uptrend will terminate below 6118.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 6148 and 6223.
Swing low of 6118 formed now which is higher than previous swing low of 5964.
• Please note that currently short term trend is ‘up’ and medium term trend is ‘up’.

Tuesday, October 5, 2010

TREND WATCH-OCT 6

TREND WATCH------
• Last swing high is at 6222. (Higher high)
• Last swing low is at 5964. (Higher low)
• In the medium term,
--- Nifty is in up trend (From 6th September) with targets (+/-30 points) of 5590**, 5670**, 5750**. (All targets achieved)
---The uptrend will terminate below 5816.
• In the short term,
--- Nifty is again in up trend (From 1st October) with targets (+/-10 points) of 6100**, 6130**, 6230**.
---The uptrend will terminate below 5964.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 6118 and 6188.
• Swing high of 6222 formed now which is higher than previous swing high of 6073.
• Please note that currently short term trend is ‘up’ and medium term trend is ‘up’.

Monday, October 4, 2010

TREND WATCH -OCT 5

TREND WATCH------
• Last swing high is at 6073. (Higher high)
• Last swing low is at 5964. (Higher low)
• In the medium term,
--- Nifty is in up trend (From 6th September) with targets (+/-30 points) of 5590**, 5670**, 5750**. (All targets achieved)
---The uptrend will terminate below 5816.
• In the short term,
--- Nifty is again in up trend (From 1st October) with targets (+/-10 points) of 6100**, 6130**, 6230**.
---The uptrend will terminate below 5964.

(** means target achieved)

IMP. NOTES----
• Nifty traded between 6145 and 6222.
• Long upper shadow formed today which is bearish.
• Please note that currently short term trend is ‘up’ and medium term trend is ‘up’.