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.