Thursday, June 30, 2011

Long Term Trend Update


LONG TERM----- (As per monthly charts)
• Last swing high is at 5944. (Lower high)
• Last swing low is at 5196. (Higher low)
• Nifty is in down trend.
• The down trend will terminate above 5944.

IMP. NOTES----
Long term swing low of 5196 formed now as the closing was in green for the month of June.

Wednesday, June 29, 2011

Medium Term Trend Update



MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5605. (Lower high)
• Last swing low is at 5196. (Lower low)
Nifty is in corrective up move (From 29th June) with targets (+/-30 points) of 5650, 5730, 5840.
• The up move will terminate below 5196.
• Medium term swing low (Lower low) formed at 5196. (As the closing was in green for the week which ended on 24th June).

Medium term down trend terminated today as Nifty traded above 5605.
• ** means target achieved.

Monday, June 27, 2011

SHORT TERM TREND UPDATE (JUNE 27)


SHORT TERM----- (As per daily charts)
• Last swing high is at 5520. (Lower high)
• Last swing low is at 5196. (Lower low)

Nifty is in corrective up move (From 27th June) with targets (+/-10 points) of 5570, 5620, 5670.
• The up move will terminate below 5196.
• Short term swing low (Lower low) formed at 5196. (As the closing was in green for the day on 21st June).

Short term down trend terminated today as Nifty traded above 5520.
• ** means target achieved.

Monday, June 20, 2011

MEDIUM TERM TREND UPDATE (JUNE 20)


MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5605. (Lower high)
• Last swing low is at 5329. (Lower low)
• Nifty is again in down trend (From 20th June) with targets (+/-30 points) of 5280**, 5180**, 5050.
• The down trend will terminate above 5605.

Nifty is again in down trend today as Nifty traded below 5329.
• ** means target achieved.

Wednesday, June 15, 2011

SHORT TERM TREND UPDATE (JUNE 15)



SHORT TERM----- (As per daily charts)
• Last swing high is at 5520. (Lower high)
• Last swing low is at 5437. (Lower low)
• Nifty is in down trend (From 10th June) with targets (+/-10 points) of 5450**, 5420, 5380.
The down trend will terminate above 5520.
• Short term swing low (Lower low) formed at 5437. (As the closing was in green for the day on 14th June).
• Short term swing high (Lower high) formed at 5520. (As the closing was in red for the day on 15th June).
• ** means target achieved.

Friday, June 10, 2011

TREND WATCH-JUNE 13




MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5605. (Lower high)
• Last swing low is at 5329. (Lower low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
The down trend will terminate above 5605.
• Medium term swing low (Lower low) formed at 5329. (As the closing was in green for the week which ended on 3rd June).
• Medium term swing high (Lower high) formed at 5605. (As the closing was in red for the week which ended on 10th June)
• ** means target achieved.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5570. (Lower high)
• Last swing low is at 5480. (Higher low)
Nifty is in down trend (From 10th June) with targets (+/-10 points) of 5450, 5420, 5380.
• The down trend will terminate above 5570.
• Short term swing high (Lower high) formed at 5570. (As the closing was in red for the day on 7th June).
Short term up trend terminated today as Nifty traded below 5480.
• ** means target achieved.

Monday, June 6, 2011

TREND WATCH-JUNE 7


MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5329. (Lower low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.
Medium term swing low (Lower low) formed at 5329. (As the closing was in green for the week which ended on 3rd June).
• ** means target achieved.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5605. (Higher high)
• Last swing low is at 5480. (Higher low)
• Nifty is in up trend (From 31st May) with targets (+/-10 points) of 5540**, 5570**, 5600**.
The up move will terminate below 5480.
• Short term swing high (Higher high) formed at 5597. (As the closing was in red for the day on 2nd June).
• Short term swing high (Higher high) again formed at 5605. (As the closing was in red for the day on 3rd June also after making new high).
• Short term swing low (Higher low) formed at 5480. (As the closing was in green for the day on 6th June).
• ** 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.