LONG TERM----- (As per monthly charts) ----
· Last swing high is at 5400 and swing low is at 4532.
· The trend is up and the termination level is at 4532.
· The targets are 5600, 5750, 5950.
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 (Revised) are 5100, 5180, 5230.
SHORT TERM----- (As per daily charts) ----
· Last swing high is at 5217 and swing low is at 5077.
· The trend is up and the termination level is at 5077.
· The targets (Revised) are 5010, 5040, 5080.
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.
· All levels are as per Nifty spot only.
