Saturday, April 30, 2011

TREND WATCH-MAY 2



LONG TERM----- (As per monthly charts)
• Last swing high is at 5944. (Lower high)
• Last swing low is at 5178. (Lower low)
• Nifty is in down trend.
• The down trend will terminate above 5944.

IMP. NOTES----
• Long term swing high of 5944 formed now as the closing was in red for the month.



MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
• The up trend will terminate below 5693.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5791. (Higher low)
• Nifty is in down trend (From 18th April) with targets (+/-10 points) of 5690**, 5640, 5580.
• The down trend will terminate above 5913.

IMP. NOTES----
• medium term swing high of 5913 formed now as the closing was in red for the week.
• ** 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.

Tuesday, April 26, 2011

TREND WATCH-APRIL 26

---Short term swing high of 5913 formed now as the closing was in negative on monday.
---So, termination level for short term down trend is now at 5913.

Thursday, April 21, 2011

TREND WATCH-APRIL 24



MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5945. (Higher high)
• Last swing low is at 5693. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
The up trend will terminate below 5693.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5924. (Lower high)
• Last swing low is at 5693. (Lower low)
• Nifty is in down trend (From 18th April) with targets (+/-10 points) of 5690**, 5640, 5580.
• The down trend will terminate above 5924.

IMP. NOTES----
Medium term swing low of 5693 formed now as the closing was in green for the week.
• ** 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.

Tuesday, April 19, 2011

TREND WATCH-APRIL 20



MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5945. (Higher high)
• Last swing low is at 5348. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
• The up trend will terminate below 5348.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5924. (Lower high)
Last swing low is at 5693. (Lower low)
• Nifty is in down trend (From 18th April) with targets (+/-10 points) of 5690**, 5640, 5580.
• The down trend will terminate above 5924.

IMP. NOTES----
• Short term swing low of 5693 formed now as the closing was in green for the day.
• ** 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.

Monday, April 18, 2011

SP.UPDATE



--Short term corrective down move converted into down trend today as Nifty traded below swing low of 5735 (after making lower swing high of 5923).
--Target for the down trend are 5690, 5640, 5580.
--The short term down trend will terminate above 5923.

Friday, April 15, 2011

TREND WATCH-APRIL 18



MEDIUM TERM----- (As per weekly charts)
Last swing high is at 5945. (Higher high)
• Last swing low is at 5348. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
• The up trend will terminate below 5348.

SHORT TERM----- (As per daily charts)
Last swing high is at 5924. (Lower high)
• Last swing low is at 5735. (Lower low)
• Nifty is in corrective down move (From 11th April) with targets (+/-10 points) of 5780**, 5750**, 5710.
The down move will terminate above 5924.

IMP. NOTES----
Medium term swing high of 5945 formed now as the closing was in red for the week.
Short term swing high of 5924 formed now as the closing was in red for the day.
• ** 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.

Wednesday, April 13, 2011

TREND WATCH-APRIL 15



MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5608. (Higher high)
• Last swing low is at 5348. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
• The up trend will terminate below 5348.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5945. (Higher high)
• Last swing low is at 5735. (Lower low)
• Nifty is in corrective down move (From 11th April) with targets (+/-10 points) of 5780**, 5750**, 5710.
• The down move will terminate above 5945.

IMP. NOTES----
• Short term swing low of 5735 formed now as the closing was in green for the day.
• ** 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.

Monday, April 11, 2011

SP UPDATE


--Short term uptrend is now terminated as Nifty is trading below 5810.
--In the short term, Nifty is now in corrective down move with targets of 5780, 5750, 5710.
--5780 and 5750 are overshooting retrachment levels of 5944-5810 swing and 5710 is corrective retrachment level of 5348-5944 swing.

Wednesday, April 6, 2011

TREND WATCH-APRIL 7




MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5608. (Higher high)
• Last swing low is at 5348. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
• The up trend will terminate below 5348.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5945. (Higher high)
• Last swing low is at 5810. (Higher low)
• Nifty is in up trend (From 4th April) with targets (+/-10 points) of 5900**, 5930**, 5960.
• The up trend will terminate below 5810.

IMP. NOTES----
• Short term swing high of 5945 formed now as the closing was in red for the day.
• ** 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.

Monday, April 4, 2011

TREND WATCH-APRIL 5 & 6



MEDIUM TERM----- (As per weekly charts)

· Last swing high is at 5608. (Higher high)
· Last swing low is at 5348. (Higher low)
· Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
· The up trend will terminate below 5348.
SHORT TERM----- (As per daily charts)
· Last swing high is at 5872. (Higher high)
· Last swing low is at 5810. (Higher low)
· Nifty is in up trend (From 4th April) with targets (+/-10 points) of 5900**, 5930**, 5960.
· The up trend will terminate below 5810.


IMP. NOTES----
· Short term swing low of 5810 formed now as the closing was in green for the day.
· Short term corrective up move converted into uptrend as Nifty traded above swing high of 5872.
· ** 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.

Friday, April 1, 2011

TREND WATCH-APRIL 4



MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5608. (Higher high)
• Last swing low is at 5348. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**. (All targets achieved)
• The up trend will terminate below 5348.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5872. (Higher high)
• Last swing low is at 5348. (Lower low)
• Nifty is in corrective up move (From 25th March) with targets (+/-10 points) of 5580**, 5640**, 5720**. (All targets achieved)
• The up move will terminate below 5348.

IMP. NOTES----
Short term swing high of 5872 formed now as the closing was in red for the day.
• ** 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.