Swing Update - March 30

LONG TERM----- (As per monthly charts) ----

·       Last swing high is at 5630 and swing low is at 4532.

·       The trend is up and the termination level is at 4532.

·       The targets (+/- 50) are 5600*, 5750, 5950.

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

·       Last swing high is at 5630 and swing low is at 4588.

·       The trend is up and the termination level is at 4588.

·       The targets (+/- 30) are 5100*, 5180*, 5230*.

SHORT TERM----- (As per daily charts) ----

·       Last swing high is at 5278 and swing low is at 5175.

·       The trend is down and the termination level is at 5278.

·       The targets (+/- 10) are 5180*, 5130*, 5080.

Swing Update- March 27

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 (+/- 50) are 5600*, 5750, 5950.

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

·       Last swing high is at 5630 and swing low is at 4588.

·       The trend is up and the termination level is at 4588.

·       The targets (+/- 30) are 5100*, 5180*, 5230*.

SHORT TERM----- (As per daily charts) ----

·       Last swing high is at 5312 and swing low is at 5206.

·       The trend is down and the termination level is at 5312.

·       The targets (+/- 10) are 5180*, 5130, 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.

Trend Update-March 23

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 (+/- 50) are 5600, 5750, 5950.

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

·       Last swing high is at 5630 and swing low is at 4588.

·       The trend is up and the termination level is at 4588.

·       The targets (+/- 30) are 5100, 5180, 5230.

SHORT TERM----- (As per daily charts) ----

·       Last swing high is at 5386 and swing low is at 5233.

·       The trend is down and the termination level is at 5386.

·       The targets (+/- 10) are 5180, 5130, 5080.

Swing update-March 20

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 (+/- 50) are 5600, 5750, 5950.

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

·       Last swing high is at 5630 and swing low is at 4588.

·       The trend is up and the termination level is at 4588.

·       The targets (+/- 30) are 5100, 5180, 5230.

SHORT TERM----- (As per daily charts) ----

·       Last swing high is at 5499 and swing low is at 5233.

·       The trend is up and the termination level is at 5233.

·       The targets (+/- 10) are 5440, 5480, 5520.