Wednesday, March 27, 2013

update

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


• Last swing high is at 6112 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 5971 and swing low is at 5664.

• The trend is down and the termination level is at 5971.

The (revised) targets (+/- 30) are 5600*, 5540, 5480.

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

Last swing high is at 5946 and swing low is at 5612.

• The trend is down and the termination level is at 5946.

• The targets (+/- 10) are 5740*, 5690*, 5640*.



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.

• Targets are as per fibo levels between various swings.

• * suggest target is achieved.

Tuesday, March 5, 2013

Short Term Trend Update

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


• Last swing high is at 6112 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 6112 and swing low is at 5941.

• The trend is down and the termination level is at 6112.

• The targets (+/- 30) are 5880*, 5820*, 5760*.

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

• Last swing high is at 5739 and swing low is at 5664.

• The trend is up and the termination level is at 5664.

• The targets (+/- 10) are 5770, 5800, 5830.



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.

• Targets are as per fibo levels between various swings.

• * suggest target is achieved.