Monday, April 29, 2013

Swing Update

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


Last swing high is at 6112 and swing low is at 5477.

• The trend is up and the termination level is at 5477.

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



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

• Last swing high is at 5755 and swing low is at 5477.

• The trend is up and the termination level is at 5477.

• The targets (+/- 30) are 5810*, 5860*, 5920*.



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

Last swing high is at 5925 and swing low is at 5860.

The trend is up and the termination level is at 5860.

The (revised) targets (+/- 10) are 5950, 5980, 6010.



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.

Sunday, April 21, 2013

Medium 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 5755 and swing low is at 5477.

• The trend is up and the termination level is at 5477.

• The targets (+/- 30) are 5810*, 5860, 5920.

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

• Last swing high is at 5611 and swing low is at 5495.

• The trend is up and the termination level is at 5495.

• The targets (+/- 10) are 5650*, 5680*, 5710*.

Tuesday, April 16, 2013

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 5755 and swing low is at 5605.

• The trend is down and the termination level is at 5755.

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

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

• Last swing high is at 5611 and swing low is at 5495.

• The trend is up and the termination level is at 5495.

• The targets (+/- 10) are 55650*, 5680*, 5710.



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.

Thursday, April 4, 2013

Swing 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 5605.

• 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 5755 and swing low is at 5605.

• The trend is down and the termination level is at 5755.

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