Tuesday, May 31, 2011

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.

Friday, May 27, 2011

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.

Thursday, May 26, 2011

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.

Monday, May 23, 2011

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.

Tuesday, May 17, 2011

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.

Sunday, May 15, 2011

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.....

Thursday, May 12, 2011

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.

Wednesday, May 11, 2011

SWING UPDATE-MAY 12



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

Tuesday, May 10, 2011

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.

Monday, May 9, 2011

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.

Saturday, May 7, 2011

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.

Monday, May 2, 2011

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.