Thursday, August 18, 2011


SHORT TERM----- (As per daily charts)
• Last swing high is at 5112. (Lower high)
• Last swing low is at 5015. (Higher low)
• Nifty is in down move (from 27th July) with targets (+/- 10 points) of 5490**, 5450**, 5410**.
• The down move will terminate above 5112.
• Short term swing low (Lower low) formed at 5015. (As the closing was in green for the day on 17th August).
• Short term swing high (Lower high) formed at 5112. (As the closing was in red for the day on 18th August).