Thursday, January 10, 2013

Short term trend update

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 5965 and swing low is at 5823.

• The trend is up and the termination level is at 5823.

• The targets (+/- 30) are 6000*, 6040*, 6080.

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

• Last swing high is at 6020 and swing low is at 5964.

• The trend is down and the termination level is at 6020.

• The targets (+/- 10) are 5940, 5910, 5880.