·
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.
