Tuesday, January 10, 2012

Trend Update (Jan 10)

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 4795 and swing low is at 4695.
· The trend is up and the termination level is at 4695.
· The targets are 4810, 4840, 4870.

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