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.

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