Thursday, July 21, 2011

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).