Tuesday, July 3, 2012

Swing Update - July 3

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


• Last swing high is at 5630 and swing low is at 4770.

• The trend is up and the termination level is at 4770.

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

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

• Last swing high is at 5190 and swing low is at 5042.

• The trend is up and the termination level is at 5042.

• The targets (+/- 30) are 5260*, 5330*, 5400.

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

Last swing high is at 5302 and swing low is at 5263.

• The trend is up and the termination level is at 5263.

• The targets (+/- 10) are (revised) 5240*, 5280*, 5320*.