Monday, December 26, 2011

Trend Update (Dec 26)

LONG TERM----- (As per monthly charts) ----
· Last swing high is at 5400 and swing low is at 4728.
· The trend is down and the termination level is at 5400.
MEDIUM TERM----- (As per weekly charts) ----
· Last swing high is at 5099 and swing low is at 4531.
· The trend is down and the termination level is at 5099.
SHORT TERM----- (As per daily charts) ----
· Last swing high is at 4763 and swing low is at 4693.
· The trend is up and the termination level is at 4693.
· The targets are 4800, 4840, 4880.