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 5729 and swing low is at 5666.
• The trend is down and the termination level is at 5729.
• The targets (+/- 10) are 5630, 5610, 5590.
Sp. Notes---
• Swing low----- occurs when Nifty closes in green. (Lowest low of last two days will be Swing low.)
• Swing high----- occurs when Nifty closes in red. (Highest high of last two days will be Swing high.)
• Uptrend---forms when we have higher swing low and we trade above last swing high.
• Downtrend---forms when we have lower swing high and we trade below last swing low.
• Corrective up move---forms when in downtrend we trade above last swing high without making higher swing low.
• Corrective down move---forms when in uptrend we trade below last swing low without making lower swing high.
• All levels are as per Nifty spot only.
• 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 5729 and swing low is at 5666.
• The trend is down and the termination level is at 5729.
• The targets (+/- 10) are 5630, 5610, 5590.
Sp. Notes---
• Swing low----- occurs when Nifty closes in green. (Lowest low of last two days will be Swing low.)
• Swing high----- occurs when Nifty closes in red. (Highest high of last two days will be Swing high.)
• Uptrend---forms when we have higher swing low and we trade above last swing high.
• Downtrend---forms when we have lower swing high and we trade below last swing low.
• Corrective up move---forms when in downtrend we trade above last swing high without making higher swing low.
• Corrective down move---forms when in uptrend we trade below last swing low without making lower swing high.
• All levels are as per Nifty spot only.
