Sunday, January 15, 2012

Swing Update ( Jan 15)

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 4801 and swing low is at 4588.
· The trend is up and the termination level is at 4588.
· The targets are 4860, 4920, 4980.
SHORT TERM----- (As per daily charts) ----
· Last swing high is at 4877 and swing low is at 4804.
· The trend is up and the termination level is at 4804.
· The targets are 4810, 4840, 4870.