Swing Update (17-12-2012)

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


• Last swing high is at 5449 and swing low is at 5032.

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

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

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

• Last swing high is at 5815 and swing low is at 5216.

• The trend is up and the termination level is at 5216.

• The revised targets (+/- 30) are 5510*, 5570*, 5630*.

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

• Last swing high is at 5714 and swing low is at 5634.

• The trend is down and the termination level is at 5714.

• The targets (+/- 10) are 5630*, 5610, 5590.