TREND WATCH-JUNE 1

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.
• ** means target achieved.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5509. (Higher high)
• Last swing low is at 5458. (Higher low)
• Nifty is in up trend (From 31st May) with targets (+/-10 points) of 5540**, 5570, 5600.
• The up move will terminate below 5458.
• Short term swing high (Higher high) formed at 5509. (As the closing was in red for the day on 30th May).
• Short term swing low (Higher low) formed at 5458. (As the closing was in green for the day on 31st May).
• Short term up move converted in to up trend today as Nifty traded above 5509.
• ** means target achieved.

TREND WATCH-MAY 30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.
• ** means target achieved.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5423. (Lower high)
• Last swing low is at 5329. (Lower low)
• Nifty is in corrective up move (From 27th May) with targets (+/-10 points) of 5460**, 5500, 5550.
• The up move will terminate below 5329.
• Short term swing low (Lower low) formed at 5329. (As the closing was in green for the day on 26th May).
• Short term down move terminated today as Nifty traded above 5423.
• ** means target achieved.

TREND WATCH-MAY 26

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.
• ** means target achieved.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5423. (Lower high)
• Last swing low is at 5367. (Lower low)
• Nifty is in corrective down move (From 17th May) with targets (+/-10 points) of 5430**, 5400**, 5370**.
• The down move will terminate above 5423.
• Short term swing low (Lower low) formed at 5367. (As the closing was in green for the day on 24th May).
• Short term swing high (Lower high) formed at 5423. (As the closing was in red for the day on 25th May).
• ** means target achieved.

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.
• All levels are as per Nifty spot only.

NIFTY TRENDLINES

TREND WATCH-MAY 24

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5518. (Lower high)
• Last swing low is at 5401. (Lower low)
• Nifty is in corrective down move (From 17th May) with targets (+/-10 points) of 5430**, 5400**, 5370**.
• The down move will terminate above 5518.
• Short term swing low (Lower low) formed at 5401. (As the closing was in green for the day on 19th May).
• Short term swing high (Lower high) formed at 5518. (As the closing was in red for the day on 23rd May).
• ** means target achieved.

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.
• All levels are as per Nifty spot only.

TREND WATCH-MAY 18

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5605. (Higher high)
• Last swing low is at 5472. (Lower low)
• Nifty is in corrective down move (From 17th May) with targets (+/-10 points) of 5430**, 5400, 5370.
• The down move will terminate above 5605.

IMP. NOTES----
• Short term swing high of 5605 formed on 16th may as the closing was in red for the day.
• Short term up move terminated today as Nifty traded below 5472.
• ** means target achieved.

TREND WATCH--MAY 16

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5575. (Lower high)
• Last swing low is at 5472. (Lower low)
•Nifty is in corrective up move (From 13th May) with targets (+/-10 points) of 5610**, 5640, 5680.
• The up move will terminate below 5472.

IMP. NOTES----
• Short term swing low of 5472 formed now as the closing was in green for the day.
• ** means target achieved

PLEASE NOTE THAT I WILL NOT BE ABLE TO UPDATE THE BLOG REGULARLY FOR NEXT FEW MONTHS.
SO I WILL UPDATE ONLY WHEN TREND CHANGES.....

SWING UPDATE-MAY 13

--Short term swing high of 5575 (lower high) formed now as closing was in red for the day.
--so, the termination level for short term down trend is now at 5575.

SWING UPDATE-MAY 12

--Short term swing low of 5514 (Higher low) formed now as closing was in green for the day.

SWING UPDATE-MAY 11

--Short term swing high(Revised) of 5592 (lower high) formed now as closing was again in red for the day.
--so, the termination level for short term down trend is now at 5592.

SWING UPDATE-MAY 10

--Short term swing high of 5586 (lower high) formed now as closing was in red for the day.
--so, the termination level for short term down trend is now at 5586.

TREND WATCH-MAY 9

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5444. (Lower low)
• Nifty is in down trend (From 18th April) with targets (+/-10 points) of 5690**, 5640**, 5580**.
• The down trend will terminate above 5913.

IMP. NOTES----
• Short term swing low of 5444 formed now as the closing was in green for the day.
• ** means target achieved

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.
• All levels are as per Nifty spot only.

TREND UPDATE-MAY 3

--Nifty today traded below medium term swing low of 5693, so medium term uptrend is now terminated.
--In the medium term, Nifty is now in down trend with targets of 5650, 5600, 5550.