TREND UPDATES

LONG TERM----- (As per monthly charts)
• Last swing high is at 5740. (Lower high)
• Last swing low is at 5196. (Higher low)
• Nifty is in down trend.
• The down trend will terminate above 5740.
MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5702. (Lower high)
• Last swing low is at 5497. (Higher low)
• Nifty is in down trend (from 28th July) with targets (+/-30 points) of 5430**, 5370, 5320.
• The down move will terminate above 5702.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5702. (Higher high)
• Last swing low is at 5533. (Lower low)
• Nifty is in down move (from 27th July) with targets (+/- 10 points) of 5490**, 5450**, 5410.
• The down move will terminate above 5702.

Short term trend update

--In the short term, Nifty is now in corrective upmove with targets of 5690**, 5720, 5750.
--The upmove will terminate below 5533.

SWING UPDATES

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5740. (Higher high)
• Last swing low is at 5497. (Higher low)
• Nifty is in corrective up move (from 29th June) with targets (+/-30 points) of 5650**, 5730**, 5840.
• The up move will terminate below 5497.
• Medium term swing high (Higher high) formed at 5740. (As the closing was in red for the week which ended on 15th July)
• Medium term swing low (Higher low) formed at 5497. (As the closing was in green for the week which ended on 22nd July).


SHORT TERM----- (As per daily charts)
• Last swing high is at 5645. (Lower high)
• Last swing low is at 5533. (Lower low)
• Nifty is in down trend (from 21st July) with targets (+/- 10 points) of 5520, 5500, 5480.
• The down trend will terminate above 5645.
• Short term swing low (Lower low) formed at 5533. (As the closing was in green for the day on 22nd July).
• Short term swing high (Lower high) formed at 5645. (As the closing was in red for the day on 20th July).

Short Term Swing Update

SHORT TERM----- (As per daily charts)
• Last swing high is at 5645. (Lower high)
• Last swing low is at 5551. (Higher low)
• Nifty is in down move (from 11th July) with targets (+/- 10 points) of 5580**, 5550**, 5520**. ( All targets achieved)
• The down move will terminate above 5645.
• Short term swing low (Higher low) formed at 5551. (As the closing was in green for the day on 19th July).
• Short term swing high (Lower high) formed at 5645. (As the closing was in red for the day on 20th July).

Announcement

Dear Blog Viewers,

Pleased to inform you all that I have been elected as Hon. Secretary of Ahmedabad Medical Association for next two years.

--Dr. Jignesh Shah MD

Trend Watch ( July 15)

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5740. (Higher 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 high (Higher high) formed at 5740. (As the closing was in red for the week which ended on 15th July)

• ** means target achieved.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5654. (Lower high)
• Last swing low is at 5497. (Lower low)
• Nifty is in down move (from 11th July) with targets (+/- 10 points) of 5580**, 5550**, 5520**. ( All targets achieved)
• The down move will terminate above 5654.
• Short term swing low (Lower low) formed at 5497. (As the closing was in green for the day on 13th July).
• Short term swing high (Lower high) formed at 5654. (As the closing was in red for the day on 15th July).

• ** 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.

Short Term Trend Update (July 11)

SHORT TERM----- (As per daily charts)
• Last swing high is at 5740. (Higher high)
• Last swing low is at 5611. (Higher low)
• Nifty is in down move (from 11th July) with targets (+/- 10 points) of 5580, 5550, 5520.
• The down move will terminate above 5740.
• Short term swing high (Higher high) formed at 5740. (As the closing was in red for the day on 8th July).

• Short term up move terminated today as Nifty traded below 5611.
• ** means target achieved.

Short Term Trend Update (July 7)

SHORT TERM----- (As per daily charts)
• Last swing high is at 5680. (Lower high)
• Last swing low is at 5611. (Higher low)
• Nifty is in up trend (From 7th July) with targets (+/-10 points) of 5710**, 5740**, 5770.
• The up trend will terminate below 5611.
• Short term swing high (Lower high) formed at 5680. (As the closing was in red for the day on 4th July).
• Short term swing low (Higher low) formed at 5611. (As the closing was in green for the day on 7th July).
• Short term up move converted in to uptrend as Nifty traded above 5680.
• ** 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.

SHORT TERM TREND UPDATE

SHORT TERM----- (As per daily charts)
• Last swing high is at 5706. (Higher high)
• Last swing low is at 5610. (Higher low)
• Nifty is in corrective up move (From 27th June) with targets (+/-10 points) of 5570**, 5620, 5670.
• The up move will terminate below 5610.

• Short term swing high (Higher high) formed at 5706. (As the closing was in red for the day on 1st July).
• Short term swing low (Higher low) formed at 5610. (As the closing was in green for the day on 4th July).

• ** means target achieved.