ROADMAP FOR TARGET OF 20000 IN NIFTY

Please read my previous post first here

--- Today I have posted historical chart of Sensex and we will compare it with Nifty for our target of 20000 in year 2020.
1) Sensex made high of 6150 in Feb 2000... and Nifty made high of 6350 in Jan 2008.
2)Then sensex made low of 2594 in Sept 2001...and Nifty made low of 2250 in Oct 2008.
3)Sensex made again high of 6250 in Jan 2004...and Nifty again made high of 6339 in Nov 2010.
4)Then Sensex made low of 4227 in May 2004....and Nifty had made low of 5177 so far in Feb 2011.
5)Sensex again crossed the 6000 level in Nov 2004....and most importantly it never came back below 6000 after that. So if you beleive that history is likely to repeat in Nifty then this is the last chance to get entry in to our market below 6000 in Nifty.
6) After crossing the 6000 level in Nov 2004 Sensex made a high of around 21000 in Jan 2008 in almost 4 years only....let us hope same happens to Nifty in next 9 years.

----Please note that this article will be of help for long term investors only.
wish you all happy investing.
-Dr.Jignesh Shah.

TREND WATCH-FEB 28 & MARCH 1

TREND WATCH------
· Last swing high is at 5526. (Lower high)
· Last swing low is at 5238. (Lower low)
· In the medium term,
--- Nifty is in corrective up move (From 18th February) with targets (+/-30 points) of 5600**, 5680, 5790.
--- The up move will terminate below 5178.
· In the short term,
--- Nifty is in down trend (From 24th February) with targets (+/-10 points) of 5380**, 5340**, 5300**.
--- The down trend will terminate above 5526.

(** means target achieved)

IMP. NOTES----
· Swing low 5238 formed now as Nifty closed in green today.

Sp. Notes---
· Swing low----- occurs when Nifty closes in green. (Lowest low of last two days will be Swing low.)
· Swing high----- occurs when Nifty closes in red. (Highest high of last two days will be Swing high.)
· Uptrend---forms when we have higher swing low and we trade above last swing high.
· Downtrend---forms when we have lower swing high and we trade below last swing low.
· Corrective up move---forms when in downtrend we trade above last swing high without making higher swing low.
· Corrective down move---forms when in uptrend we trade below last swing low without making lower swing high.
· Targets---are based on Fibonacci retranchment levels between different swings.

SP. UPDATE

---Nifty is trading below 5413, so short term upmove is now terminated.
---In the short term, Nifty is now in downtrend with targets of 5380, 5340, 5300.

TREND WATCH-FEB 23 & 24

TREND WATCH------
· Last swing high is at 5526. (Lower high)
· Last swing low is at 5413. (Higher low)
· In the medium term,
--- Nifty is in corrective up move (From 18th February) with targets (+/-30 points) of 5600**, 5680, 5790.
--- The up move will terminate below 5178.
· In the short term,
--- Nifty is in corrective up move (From 14th February) with targets (+/-10 points) of 5450**, 5500**, 5550**.
--- The up move will terminate below 5413.

(** means target achieved)

IMP. NOTES----
· Swing high of 5526 formed now as Nifty closed in red today.

Sp. Notes---
· Swing low----- occurs when Nifty closes in green. (Lowest low of last two days will be Swing low.)
· Swing high----- occurs when Nifty closes in red. (Highest high of last two days will be Swing high.)
· Uptrend---forms when we have higher swing low and we trade above last swing high.
· Downtrend---forms when we have lower swing high and we trade below last swing low.
· Corrective up move---forms when in downtrend we trade above last swing high without making higher swing low.
· Corrective down move---forms when in uptrend we trade below last swing low without making lower swing high.
· Targets---are based on Fibonacci retranchment levels between different swings.

TREND WATCH-FEB 22

TREND WATCH------
· Last swing high is at 5599. (Higher high)
· Last swing low is at 5413. (Higher low)
· In the medium term,
--- Nifty is in corrective up move (From 18th February) with targets (+/-30 points) of 5600**, 5680, 5790.
--- The up move will terminate below 5178.
· In the short term,
--- Nifty is in corrective up move (From 14th February) with targets (+/-10 points) of 5450**, 5500**, 5550**.
--- The up move will terminate below 5413.

(** means target achieved)

IMP. NOTES----
· Swing low of 5413 formed now as Nifty closed in green today.

Sp. Notes---
· Swing low----- occurs when Nifty closes in green. (Lowest low of last two days will be Swing low.)
· Swing high----- occurs when Nifty closes in red. (Highest high of last two days will be Swing high.)
· Uptrend---forms when we have higher swing low and we trade above last swing high.
· Downtrend---forms when we have lower swing high and we trade below last swing low.
· Corrective up move---forms when in downtrend we trade above last swing high without making higher swing low.
· Corrective down move---forms when in uptrend we trade below last swing low without making lower swing high.
· Targets---are based on Fibonacci retranchment levels between different swings.

TREND WATCH-FEB 21

TREND WATCH------
· Last swing high is at 5599. (Higher high)
· Last swing low is at 5178. (Lower low)
· In the medium term,
--- Nifty is in corrective up move (From 18th February) with targets (+/-30 points) of 5600**, 5680, 5790.
--- The up move will terminate below 5178.
· In the short term,
--- Nifty is in corrective up move (From 14th February) with targets (+/-10 points) of 5450**, 5500**, 5550**.
--- The up move will terminate below 5178.

(** means target achieved)

IMP. NOTES----
· Medium term downtrend is terminated now as Nifty traded above 5556.
· Swing high of 5599 formed today as Nifty closed in red today.

Sp. Notes---
· Swing low----- occurs when Nifty closes in green. (Lowest low of last two days will be Swing low.)
· Swing high----- occurs when Nifty closes in red. (Highest high of last two days will be Swing high.)
· Uptrend---forms when we have higher swing low and we trade above last swing high.
· Downtrend---forms when we have lower swing high and we trade below last swing low.
· Corrective up move---forms when in downtrend we trade above last swing high without making higher swing low.
· Corrective down move---forms when in uptrend we trade below last swing low without making lower swing high.
· Targets---are based on Fibonacci retrenchment levels between different swings.

TREND WATCH-FEB 18

TREND WATCH------
· Last swing high is at 5440. (Lower high)
· Last swing low is at 5178. (Lower low)
· In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5556.
· In the short term,
--- Nifty is in corrective up move (From 14th February) with targets (+/-10 points) of 5450**, 5500**, 5550**.
--- The up move will terminate below 5178.

(** means target achieved)

IMP. NOTES----
· All targets for short term up move achieved now.

Sp. Notes---
· Swing low----- occurs when Nifty closes in green. (Lowest low of last two days will be Swing low.)
· Swing high----- occurs when Nifty closes in red. (Highest high of last two days will be Swing high.)
· Uptrend---forms when we have higher swing low and we trade above last swing high.
· Downtrend---forms when we have lower swing high and we trade below last swing low.
· Corrective up move---forms when in downtrend we trade above last swing high without making higher swing low.
· Corrective down move---forms when in uptrend we trade below last swing low without making lower swing high.
· Targets---are based on Fibonacci retrenchment levels between different swings.

TREND WATCH-FEB 15 & 16

TREND WATCH------
· Last swing high is at 5440. (Lower high)
· Last swing low is at 5178. (Lower low)
· In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5556.
· In the short term,
--- Nifty is in corrective up move (From 14th February) with targets (+/-10 points) of 5450, 5500, 5550.
--- The up move will terminate below 5178.

(** means target achieved)

IMP. NOTES----
· Short term down trend is now terminated as Nifty traded above 5440.

Sp. Notes---
· Swing low----- occurs when Nifty closes in green. (Lowest low of last two days will be Swing low.)
· Swing high----- occurs when Nifty closes in red. (Highest high of last two days will be Swing high.)
· Uptrend---forms when we have higher swing low and we trade above last swing high.
· Downtrend---forms when we have lower swing high and we trade below last swing low.
· Corrective up move---forms when in downtrend we trade above last swing high without making higher swing low.
· Corrective down move---forms when in uptrend we trade below last swing low without making lower swing high.

TREND WATCH-FEB 14

TREND WATCH------
· Last swing high is at 5440. (Lower high)
· Last swing low is at 5178. (Lower low)
· In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5556.
· In the short term,
--- Nifty is again in down trend (From 4th February) with targets (+/-10 points) of 5360**, 5330**, 5300.
--- The down trend will terminate above 5440.

(** means target achieved)

IMP. NOTES----
· Swing low of 5178 formed now as Nifty closed in green today. (5178 is lowest low of last two days)

Sp. Notes---
· Swing low----- occurs when Nifty closes in green. (Lowest low of last two days will be Swing low.)
· Swing high----- occurs when Nifty closes in red. (Highest high of last two days will be Swing high.)
· Uptrend---forms when we have higher swing low and we trade above last swing high.
· Downtrend---forms when we have lower swing high and we trade below last swing low.
· Corrective up move---forms when in downtrend we trade above last swing high without making higher swing low.
· Corrective down move---forms when in uptrend we trade below last swing low without making lower swing high.

TREND WATCH-FEB 9 & 10 & 11

TREND WATCH------
• Last swing high is at 5440. (Lower high)
• Last swing low is at 5369. (Lower low)
• In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5556.
• In the short term,
--- Nifty is again in down trend (From 4th February) with targets (+/-10 points) of 5360**, 5330**, 5300**.
--- The down trend will terminate above 5440.

(** means target achieved)

IMP. NOTES----
• Swing high of 5440 formed now.

Sp. Notes---
• Swing low----- occurs when Nifty closes in green and lowest low of last two days will be Swing low.
• Swing high----- occurs when Nifty closes in red and highest high of last two days will be Swing high.
• Uptrend---forms when we have higher swing low and we trade above last swing high.
• Downtrend---forms when we have lower swing high and we trade below last swing low.

TREND WATCH-FEB 8

TREND WATCH------
• Last swing high is at 5556. (Lower high)
• Last swing low is at 5369. (Lower low)
• In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5802.
• In the short term,
--- Nifty is again in down trend (From 4th February) with targets (+/-10 points) of 5360**, 5330, 5300.
--- The down trend will terminate above 5556.

(** means target achieved)

IMP. NOTES----
• Swing low of 5369 formed now.

TREND WATCH-FEB 7

TREND WATCH------
• Last swing high is at 5556. (Lower high)
• Last swing low is at 5402. (Lower low)
• In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5802.
• In the short term,
--- Nifty is again in down trend (From 4th February) with targets (+/-10 points) of 5360, 5330, 5300.
--- The down trend will terminate above 5556.
(** means target achieved)

IMP. NOTES----
• Swing high of 5556 formed now.

TREND WATCH-FEB 3 & 4

TREND WATCH------
• Last swing high is at 5802. (Higher high)
• Last swing low is at 5402. (Lower low)
• In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5874.
• In the short term,
--- Nifty is in down move (From 27th January) with targets (+/-10 points) of 5610**, 5550**, 5480**.
--- The down move will terminate above 5802.

(** means target achieved)

IMP. NOTES----
• Swing low of 5402 formed now.