Trend Update - April 16

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 5379 and swing low is at 5136.

• The trend is up and the termination level is at 5136.

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

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

• Last swing high is at 5307 and swing low is at 5191.

• The trend is down and the termination level is at 5307.


• The targets (+/- 10) are 5160, 5120, 5080.