Tuesday, July 5, 2011


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.