Swing Update-August 23

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


• Last swing high is at 5349 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 5349 and swing low is at 5032.

• The trend is up and the termination level is at 5032.

• The targets (+/- 30) are 5380*, 5420*, 5460*.

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

• Last swing high is at 5433 and swing low is at 5394.

• The trend is up and the termination level is at 5394.

• The targets (Revised) (+/- 10) are 5270*, 5300*, 5330*.