Thursday, March 31, 2011

LONG TERM TREND WATCH UPDATE


LONG TERM----- (As per monthly charts)

· Last swing high is at 6181. (Lower high)
· Last swing low is at 5178. (Lower low)
· Nifty is in down trend.
· The down trend will terminate above 6181.

IMP. NOTES----
· Long term swing low of 5178 formed now as the closing was in green for the month.