Tuesday, October 2, 2012

Trend Update - Oct 1

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 5449 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 5703 and swing low is at 5639.

• The trend is up and the termination level is at 5639.

• The targets (+/- 10) are 5730*, 5750, 5770.