Nifty Doctor

SWING UPDATE-JAN 24

2012-01-24T22:21:00.000+05:30

Swing Update ( Jan 19)

2012-01-19T17:42:00.000+05:30

LONG TERM----- (As per monthly charts) ----
· Last swing high is at 5400 and swing low is at 4728.
· The trend is down and the termination level is at 5400.
MEDIUM TERM----- (As per weekly charts) ----
· Last swing high is at 4801 and swing low is at 4588.
· The trend is up and the termination level is at 4588.
· The targets are 4860, 4920, 4980.
SHORT TERM----- (As per daily charts) ----
· Last swing high is at 4981 and swing low is at 4931.
· The trend is up and the termination level is at 4931.
· The targets(Revised) are 5010, 5040, 5080.

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.

Swing Update ( Jan 15)

2012-01-15T12:35:00.000+05:30

Trend Update (Jan 10)

2012-01-10T14:58:00.000+05:30

TREND UPDATE (JAN 9)

2012-01-09T09:00:00.001+05:30

LONG TERM----- (As per monthly charts) ----
· Last swing high is at 5400 and swing low is at 4728.
· The trend is down and the termination level is at 5400.
MEDIUM TERM----- (As per weekly charts) ----
· Last swing high is at 4801 and swing low is at 4588.
· The trend is down and the termination level is at 4801.
SHORT TERM----- (As per daily charts) ----
· Last swing high is at 4795 and swing low is at 4687.
· The trend is up and the termination level is at 4687.
· The targets are 4810, 4840, 4870.

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.

Swing Update ( Jan 6)

2012-01-06T09:35:00.000+05:30

Swing update (Dec 31)

2011-12-31T20:15:00.003+05:30

Trend Update (Dec 29)

2011-12-29T10:28:00.000+05:30

Trend Update (Dec 26)

2011-12-26T10:04:00.000+05:30

Swing update (Dec 23)

2011-12-23T23:50:00.001+05:30

Trend Watch (Dec 15)

2011-12-15T13:12:00.000+05:30

Swing update (Dec 9)

2011-12-09T21:00:00.001+05:30

Trend Update (Dec 8)

2011-12-08T11:18:00.000+05:30

LONG TERM----- (As per monthly charts) ----
· Last swing high is at 5400 and swing low is at 4728.
· The trend is down and the termination level is at 5400.
MEDIUM TERM----- (As per weekly charts) ----
· Last swing high is at 5400 and swing low is at 4639.
· The trend is down and the termination level is at 5400.
SHORT TERM----- (As per daily charts) ----
· Last swing high is at 5099 and swing low is at 5002.
· The trend is down and the termination level is at 5099.

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.

SWING UPDATE (DEC 7)

2011-12-07T18:09:00.000+05:30

Swing Update (Nov 30)

2011-11-30T20:41:00.000+05:30

Trend update (Nov 28)

2011-11-28T13:21:00.000+05:30

Trend Watch (Nov 25)

2011-11-25T15:03:00.000+05:30

Trend Watch-Nov 24

2011-11-23T21:52:00.000+05:30

Trend Watch-Nov 23

2011-11-23T04:11:00.001+05:30

LONG TERM----- (As per monthly charts) ----
• Last swing high is at 5400 and swing low is at 4728.
• The trend is down and the termination level is at 5400.
MEDIUM TERM----- (As per weekly charts) ----
• Last swing high is at 5400 and swing low is at 5011.
• The trend is down and the termination level is at 5400.
SHORT TERM----- (As per daily charts) ----
• Last swing high is at 5318 and swing low is at 4765.
• The trend is down and the termination level is at 5318.

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.

Trend Watch-Nov 23

2011-11-23T04:11:00.000+05:30

Trend Watch - Nov 4

2011-11-03T15:28:00.000+05:30

LONG TERM----- (As per monthly charts) ----
• Last swing high is at 5740 and swing low is at 4728.
• The trend is down and the termination level is at 5740.
MEDIUM TERM----- (As per weekly charts) ----
• Last swing high is at 5160 and swing low is at 5011.
• The trend is up and the termination level is at 5011.
SHORT TERM----- (As per daily charts) ----
• Last swing high is at 5400 and swing low is at 5202.
• The trend is up and the termination level is at 5202.

Trend Watch - Nov 3

2011-11-02T22:56:00.000+05:30

LONG TERM----- (As per monthly charts) ----
• Last swing high is at 5740 and swing low is at 4728.
• The trend is down and the termination level is at 5740.
MEDIUM TERM----- (As per weekly charts) ----
• Last swing high is at 5160 and swing low is at 5011.
• The trend is up and the termination level is at 5011.
SHORT TERM----- (As per daily charts) ----
• Last swing high is at 5400 and swing low is at 5205.
• The trend is up and the termination level is at 5205.

TREND WATCH--OCT 31

2011-10-29T22:21:00.003+05:30

• LONG TERM----- (As per monthly charts) ---- Last swing high is at 5740 and swing low is at 4728, trend is down and termination level is at 5740.

• MEDIUM TERM----- (As per weekly charts) ---- Last swing high is at 5160 and swing low is at 5011, trend is up and termination level is at 5011.

• SHORT TERM----- (As per daily charts) ---- Last swing high is at 5148 and swing low is at 5038, trend is up and termination level is at 5038.

'''HAPPY DIWALI AND HAPPY NEW YEAR TO ALL OF YOU'''

Updates on twitter

2011-09-07T21:14:00.002+05:30

Please note that I will put swing and trend updates on twitter for the time being.

the link is http://twitter.com/#!/niftydoctor

Positive Divergence in RSI

2011-08-28T23:24:00.004+05:30

Chart shows positive divergence and falling wedge...both favours bulls.

Chart taken from coldaro

I will not be able to update the blog for next few weeks....I will miss you all....wish you all happy trading and investing.

Short Term Swing Update

2011-08-24T21:00:00.002+05:30

• Short term swing low (Lower low) formed at 4796. (As the closing was in green for the day on 22nd August).
• Short term swing high (Lower high) formed at 4966. (As the closing was in red for the day on 24th August).
• So, The short term down move will terminate above 4966.

4836---level to watch

2011-08-19T10:17:00.003+05:30

chart taken from Richard Lehman

SHORT TERM SWING UPDATE

2011-08-18T14:44:00.001+05:30

SHORT TERM----- (As per daily charts)
• Last swing high is at 5112. (Lower high)
• Last swing low is at 5015. (Higher low)
• Nifty is in down move (from 27th July) with targets (+/- 10 points) of 5490**, 5450**, 5410**.
• The down move will terminate above 5112.
• Short term swing low (Lower low) formed at 5015. (As the closing was in green for the day on 17th August).
• Short term swing high (Lower high) formed at 5112. (As the closing was in red for the day on 18th August).

Short Term Trend Update

2011-08-11T18:03:00.001+05:30

SHORT TERM----- (As per daily charts)
· Last swing high is at 5198. (Lower high)
· Last swing low is at 4946. (Lower low)
· Nifty is in down move (from 27th July) with targets (+/- 10 points) of 5490**, 5450**, 5410**.
· The down move will terminate above 5198.
· Short term swing low (Lower low) formed at 4946. (As the closing was in green for the day on 10th August).
· Short term swing high (Lower high) formed at 5198. (As the closing was in red for the day on 11th August).

TREND UPDATES

2011-07-31T00:45:00.003+05:30

LONG TERM----- (As per monthly charts)
• Last swing high is at 5740. (Lower high)
• Last swing low is at 5196. (Higher low)
• Nifty is in down trend.
• The down trend will terminate above 5740.
MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5702. (Lower high)
• Last swing low is at 5497. (Higher low)
• Nifty is in down trend (from 28th July) with targets (+/-30 points) of 5430**, 5370, 5320.
• The down move will terminate above 5702.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5702. (Higher high)
• Last swing low is at 5533. (Lower low)
• Nifty is in down move (from 27th July) with targets (+/- 10 points) of 5490**, 5450**, 5410.
• The down move will terminate above 5702.

Short term trend update

2011-07-25T15:51:00.001+05:30

--In the short term, Nifty is now in corrective upmove with targets of 5690**, 5720, 5750.
--The upmove will terminate below 5533.

SWING UPDATES

2011-07-24T12:23:00.002+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5740. (Higher high)
• Last swing low is at 5497. (Higher low)
• Nifty is in corrective up move (from 29th June) with targets (+/-30 points) of 5650**, 5730**, 5840.
• The up move will terminate below 5497.
• Medium term swing high (Higher high) formed at 5740. (As the closing was in red for the week which ended on 15th July)
• Medium term swing low (Higher low) formed at 5497. (As the closing was in green for the week which ended on 22nd July).

SHORT TERM----- (As per daily charts)
• Last swing high is at 5645. (Lower high)
• Last swing low is at 5533. (Lower low)
• Nifty is in down trend (from 21st July) with targets (+/- 10 points) of 5520, 5500, 5480.
• The down trend will terminate above 5645.
• Short term swing low (Lower low) formed at 5533. (As the closing was in green for the day on 22nd July).
• Short term swing high (Lower high) formed at 5645. (As the closing was in red for the day on 20th July).

Short Term Swing Update

2011-07-21T09:17:00.000+05:30

SHORT TERM----- (As per daily charts)
• Last swing high is at 5645. (Lower high)
• Last swing low is at 5551. (Higher low)
• Nifty is in down move (from 11th July) with targets (+/- 10 points) of 5580**, 5550**, 5520**. ( All targets achieved)
• The down move will terminate above 5645.
• Short term swing low (Higher low) formed at 5551. (As the closing was in green for the day on 19th July).
• Short term swing high (Lower high) formed at 5645. (As the closing was in red for the day on 20th July).

Announcement

2011-07-19T06:19:00.003+05:30

Dear Blog Viewers,

Pleased to inform you all that I have been elected as Hon. Secretary of Ahmedabad Medical Association for next two years.

--Dr. Jignesh Shah MD

Trend Watch ( July 15)

2011-07-15T16:31:00.002+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5740. (Higher high)
• Last swing low is at 5196. (Lower low)
• Nifty is in corrective up move (from 29th June) with targets (+/-30 points) of 5650**, 5730**, 5840.
• The up move will terminate below 5196.
• Medium term swing high (Higher high) formed at 5740. (As the closing was in red for the week which ended on 15th July)

• ** means target achieved.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5654. (Lower high)
• Last swing low is at 5497. (Lower low)
• Nifty is in down move (from 11th July) with targets (+/- 10 points) of 5580**, 5550**, 5520**. ( All targets achieved)
• The down move will terminate above 5654.
• Short term swing low (Lower low) formed at 5497. (As the closing was in green for the day on 13th July).
• Short term swing high (Lower high) formed at 5654. (As the closing was in red for the day on 15th July).

• ** means target achieved.

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

Short Term Trend Update (July 11)

2011-07-11T23:11:00.001+05:30

SHORT TERM----- (As per daily charts)
• Last swing high is at 5740. (Higher high)
• Last swing low is at 5611. (Higher low)
• Nifty is in down move (from 11th July) with targets (+/- 10 points) of 5580, 5550, 5520.
• The down move will terminate above 5740.
• Short term swing high (Higher high) formed at 5740. (As the closing was in red for the day on 8th July).

• Short term up move terminated today as Nifty traded below 5611.
• ** means target achieved.

Short Term Trend Update (July 7)

2011-07-07T20:57:00.001+05:30

SHORT TERM----- (As per daily charts)
• Last swing high is at 5680. (Lower high)
• Last swing low is at 5611. (Higher low)
• Nifty is in up trend (From 7th July) with targets (+/-10 points) of 5710**, 5740**, 5770.
• The up trend will terminate below 5611.
• Short term swing high (Lower high) formed at 5680. (As the closing was in red for the day on 4th July).
• Short term swing low (Higher low) formed at 5611. (As the closing was in green for the day on 7th July).
• Short term up move converted in to uptrend as Nifty traded above 5680.
• ** means target achieved.

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

SHORT TERM TREND UPDATE

2011-07-05T09:16:00.001+05:30

SHORT TERM----- (As per daily charts)
• Last swing high is at 5706. (Higher high)
• Last swing low is at 5610. (Higher low)
• Nifty is in corrective up move (From 27th June) with targets (+/-10 points) of 5570**, 5620, 5670.
• The up move will terminate below 5610.

• Short term swing high (Higher high) formed at 5706. (As the closing was in red for the day on 1st July).
• Short term swing low (Higher low) formed at 5610. (As the closing was in green for the day on 4th July).

• ** means target achieved.

Long Term Trend Update

2011-06-30T23:08:00.000+05:30

LONG TERM----- (As per monthly charts)
• Last swing high is at 5944. (Lower high)
• Last swing low is at 5196. (Higher low)
• Nifty is in down trend.
• The down trend will terminate above 5944.

IMP. NOTES----
• Long term swing low of 5196 formed now as the closing was in green for the month of June.

Medium Term Trend Update

2011-06-29T23:30:00.002+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5605. (Lower high)
• Last swing low is at 5196. (Lower low)
• Nifty is in corrective up move (From 29th June) with targets (+/-30 points) of 5650, 5730, 5840.
• The up move will terminate below 5196.
• Medium term swing low (Lower low) formed at 5196. (As the closing was in green for the week which ended on 24th June).

• Medium term down trend terminated today as Nifty traded above 5605.
• ** means target achieved.

SHORT TERM TREND UPDATE (JUNE 27)

2011-06-27T14:12:00.002+05:30

SHORT TERM----- (As per daily charts)
• Last swing high is at 5520. (Lower high)
• Last swing low is at 5196. (Lower low)

• Nifty is in corrective up move (From 27th June) with targets (+/-10 points) of 5570, 5620, 5670.
• The up move will terminate below 5196.
• Short term swing low (Lower low) formed at 5196. (As the closing was in green for the day on 21st June).

• Short term down trend terminated today as Nifty traded above 5520.
• ** means target achieved.

MEDIUM TERM TREND UPDATE (JUNE 20)

2011-06-20T23:42:00.003+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5605. (Lower high)
• Last swing low is at 5329. (Lower low)
• Nifty is again in down trend (From 20th June) with targets (+/-30 points) of 5280**, 5180**, 5050.
• The down trend will terminate above 5605.

• Nifty is again in down trend today as Nifty traded below 5329.
• ** means target achieved.

SHORT TERM TREND UPDATE (JUNE 15)

2011-06-15T23:16:00.003+05:30

SHORT TERM----- (As per daily charts)
• Last swing high is at 5520. (Lower high)
• Last swing low is at 5437. (Lower low)
• Nifty is in down trend (From 10th June) with targets (+/-10 points) of 5450**, 5420, 5380.
• The down trend will terminate above 5520.
• Short term swing low (Lower low) formed at 5437. (As the closing was in green for the day on 14th June).
• Short term swing high (Lower high) formed at 5520. (As the closing was in red for the day on 15th June).
• ** means target achieved.

TREND WATCH-JUNE 13

2011-06-10T23:51:00.003+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5605. (Lower high)
• Last swing low is at 5329. (Lower low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5605.
• Medium term swing low (Lower low) formed at 5329. (As the closing was in green for the week which ended on 3rd June).
• Medium term swing high (Lower high) formed at 5605. (As the closing was in red for the week which ended on 10th June)
• ** means target achieved.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5570. (Lower high)
• Last swing low is at 5480. (Higher low)
• Nifty is in down trend (From 10th June) with targets (+/-10 points) of 5450, 5420, 5380.
• The down trend will terminate above 5570.
• Short term swing high (Lower high) formed at 5570. (As the closing was in red for the day on 7th June).
• Short term up trend terminated today as Nifty traded below 5480.
• ** means target achieved.

TREND WATCH-JUNE 7

2011-06-06T15:23:00.002+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5329. (Lower low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.
• Medium term swing low (Lower low) formed at 5329. (As the closing was in green for the week which ended on 3rd June).
• ** means target achieved.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5605. (Higher high)
• Last swing low is at 5480. (Higher low)
• Nifty is in up trend (From 31st May) with targets (+/-10 points) of 5540**, 5570**, 5600**.
• The up move will terminate below 5480.
• Short term swing high (Higher high) formed at 5597. (As the closing was in red for the day on 2nd June).
• Short term swing high (Higher high) again formed at 5605. (As the closing was in red for the day on 3rd June also after making new high).
• Short term swing low (Higher low) formed at 5480. (As the closing was in green for the day on 6th June).
• ** means target achieved.

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

TREND WATCH-JUNE 1

2011-05-31T14:57:00.003+05:30

TREND WATCH-MAY 30

2011-05-27T18:03:00.004+05:30

TREND WATCH-MAY 26

2011-05-26T10:53:00.002+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.
• ** means target achieved.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5423. (Lower high)
• Last swing low is at 5367. (Lower low)
• Nifty is in corrective down move (From 17th May) with targets (+/-10 points) of 5430**, 5400**, 5370**.
• The down move will terminate above 5423.
• Short term swing low (Lower low) formed at 5367. (As the closing was in green for the day on 24th May).
• Short term swing high (Lower high) formed at 5423. (As the closing was in red for the day on 25th May).
• ** means target achieved.

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

NIFTY TRENDLINES

2011-05-25T05:58:00.001+05:30

TREND WATCH-MAY 24

2011-05-23T21:29:00.001+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5518. (Lower high)
• Last swing low is at 5401. (Lower low)
• Nifty is in corrective down move (From 17th May) with targets (+/-10 points) of 5430**, 5400**, 5370**.
• The down move will terminate above 5518.
• Short term swing low (Lower low) formed at 5401. (As the closing was in green for the day on 19th May).
• Short term swing high (Lower high) formed at 5518. (As the closing was in red for the day on 23rd May).
• ** means target achieved.

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

TREND WATCH-MAY 18

2011-05-17T19:02:00.002+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5605. (Higher high)
• Last swing low is at 5472. (Lower low)
• Nifty is in corrective down move (From 17th May) with targets (+/-10 points) of 5430**, 5400, 5370.
• The down move will terminate above 5605.

IMP. NOTES----
• Short term swing high of 5605 formed on 16th may as the closing was in red for the day.
• Short term up move terminated today as Nifty traded below 5472.
• ** means target achieved.

TREND WATCH--MAY 16

2011-05-15T12:10:00.004+05:30

PLEASE NOTE THAT I WILL NOT BE ABLE TO UPDATE THE BLOG REGULARLY FOR NEXT FEW MONTHS.
SO I WILL UPDATE ONLY WHEN TREND CHANGES.....

SWING UPDATE-MAY 13

2011-05-12T21:20:00.000+05:30

--Short term swing high of 5575 (lower high) formed now as closing was in red for the day.
--so, the termination level for short term down trend is now at 5575.

SWING UPDATE-MAY 12

2011-05-11T19:13:00.001+05:30

--Short term swing low of 5514 (Higher low) formed now as closing was in green for the day.

SWING UPDATE-MAY 11

2011-05-10T23:27:00.001+05:30

--Short term swing high(Revised) of 5592 (lower high) formed now as closing was again in red for the day.
--so, the termination level for short term down trend is now at 5592.

SWING UPDATE-MAY 10

2011-05-09T16:41:00.001+05:30

--Short term swing high of 5586 (lower high) formed now as closing was in red for the day.
--so, the termination level for short term down trend is now at 5586.

TREND WATCH-MAY 9

2011-05-07T00:18:00.001+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5444. (Lower low)
• Nifty is in down trend (From 18th April) with targets (+/-10 points) of 5690**, 5640**, 5580**.
• The down trend will terminate above 5913.

IMP. NOTES----
• Short term swing low of 5444 formed now as the closing was in green for the day.
• ** means target achieved

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

TREND UPDATE-MAY 3

2011-05-02T23:08:00.002+05:30

--Nifty today traded below medium term swing low of 5693, so medium term uptrend is now terminated.
--In the medium term, Nifty is now in down trend with targets of 5650, 5600, 5550.

TREND WATCH-MAY 2

2011-04-30T19:27:00.002+05:30

LONG TERM----- (As per monthly charts)
• Last swing high is at 5944. (Lower high)
• Last swing low is at 5178. (Lower low)
• Nifty is in down trend.
• The down trend will terminate above 5944.

IMP. NOTES----
• Long term swing high of 5944 formed now as the closing was in red for the month.

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
• The up trend will terminate below 5693.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5791. (Higher low)
• Nifty is in down trend (From 18th April) with targets (+/-10 points) of 5690**, 5640, 5580.
• The down trend will terminate above 5913.

IMP. NOTES----
• medium term swing high of 5913 formed now as the closing was in red for the week.
• ** means target achieved

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

TREND WATCH-APRIL 26

2011-04-26T09:55:00.001+05:30

---Short term swing high of 5913 formed now as the closing was in negative on monday.
---So, termination level for short term down trend is now at 5913.

TREND WATCH-APRIL 24

2011-04-21T15:13:00.001+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5945. (Higher high)
• Last swing low is at 5693. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
• The up trend will terminate below 5693.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5924. (Lower high)
• Last swing low is at 5693. (Lower low)
• Nifty is in down trend (From 18th April) with targets (+/-10 points) of 5690**, 5640, 5580.
• The down trend will terminate above 5924.

IMP. NOTES----
• Medium term swing low of 5693 formed now as the closing was in green for the week.
• ** means target achieved

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

TREND WATCH-APRIL 20

2011-04-19T17:36:00.001+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5945. (Higher high)
• Last swing low is at 5348. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
• The up trend will terminate below 5348.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5924. (Lower high)
• Last swing low is at 5693. (Lower low)
• Nifty is in down trend (From 18th April) with targets (+/-10 points) of 5690**, 5640, 5580.
• The down trend will terminate above 5924.

IMP. NOTES----
• Short term swing low of 5693 formed now as the closing was in green for the day.
• ** means target achieved

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

SP.UPDATE

2011-04-18T21:53:00.003+05:30

--Short term corrective down move converted into down trend today as Nifty traded below swing low of 5735 (after making lower swing high of 5923).
--Target for the down trend are 5690, 5640, 5580.
--The short term down trend will terminate above 5923.

TREND WATCH-APRIL 18

2011-04-15T15:12:00.002+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5945. (Higher high)
• Last swing low is at 5348. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
• The up trend will terminate below 5348.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5924. (Lower high)
• Last swing low is at 5735. (Lower low)
• Nifty is in corrective down move (From 11th April) with targets (+/-10 points) of 5780**, 5750**, 5710.
• The down move will terminate above 5924.

IMP. NOTES----
• Medium term swing high of 5945 formed now as the closing was in red for the week.
• Short term swing high of 5924 formed now as the closing was in red for the day.
• ** means target achieved

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

TREND WATCH-APRIL 15

2011-04-13T15:35:00.001+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5608. (Higher high)
• Last swing low is at 5348. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
• The up trend will terminate below 5348.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5945. (Higher high)
• Last swing low is at 5735. (Lower low)
• Nifty is in corrective down move (From 11th April) with targets (+/-10 points) of 5780**, 5750**, 5710.
• The down move will terminate above 5945.

IMP. NOTES----
• Short term swing low of 5735 formed now as the closing was in green for the day.
• ** means target achieved

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

SP UPDATE

2011-04-11T12:20:00.004+05:30

--Short term uptrend is now terminated as Nifty is trading below 5810.
--In the short term, Nifty is now in corrective down move with targets of 5780, 5750, 5710.
--5780 and 5750 are overshooting retrachment levels of 5944-5810 swing and 5710 is corrective retrachment level of 5348-5944 swing.

TREND WATCH-APRIL 7

2011-04-06T15:13:00.000+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5608. (Higher high)
• Last swing low is at 5348. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
• The up trend will terminate below 5348.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5945. (Higher high)
• Last swing low is at 5810. (Higher low)
• Nifty is in up trend (From 4th April) with targets (+/-10 points) of 5900**, 5930**, 5960.
• The up trend will terminate below 5810.

IMP. NOTES----
• Short term swing high of 5945 formed now as the closing was in red for the day.
• ** means target achieved

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

TREND WATCH-APRIL 5 & 6

2011-04-04T17:48:00.006+05:30

MEDIUM TERM----- (As per weekly charts)
· Last swing high is at 5608. (Higher high)
· Last swing low is at 5348. (Higher low)
· Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**.
· The up trend will terminate below 5348.
SHORT TERM----- (As per daily charts)
· Last swing high is at 5872. (Higher high)
· Last swing low is at 5810. (Higher low)
· Nifty is in up trend (From 4th April) with targets (+/-10 points) of 5900**, 5930**, 5960.
· The up trend will terminate below 5810.

IMP. NOTES----
· Short term swing low of 5810 formed now as the closing was in green for the day.
· Short term corrective up move converted into uptrend as Nifty traded above swing high of 5872.
· ** means target achieved

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.
· Targets---are based on Fibonacci retranchment levels between different swings.
· All levels are as per Nifty spot only.

TREND WATCH-APRIL 4

2011-04-01T15:26:00.002+05:30

MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5608. (Higher high)
• Last swing low is at 5348. (Higher low)
• Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790**, 5840**. (All targets achieved)
• The up trend will terminate below 5348.

SHORT TERM----- (As per daily charts)
• Last swing high is at 5872. (Higher high)
• Last swing low is at 5348. (Lower low)
• Nifty is in corrective up move (From 25th March) with targets (+/-10 points) of 5580**, 5640**, 5720**. (All targets achieved)
• The up move will terminate below 5348.

IMP. NOTES----
• Short term swing high of 5872 formed now as the closing was in red for the day.
• ** means target achieved

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.
• Targets---are based on Fibonacci retranchment levels between different swings.
• All levels are as per Nifty spot only.

LONG TERM TREND WATCH UPDATE

2011-03-31T17:30:00.005+05:30

LONG TERM----- (As per monthly charts)
· Last swing high is at 6181. (Lower high)
· Last swing low is at 5178. (Lower low)
· Nifty is in down trend.
· The down trend will terminate above 6181.

IMP. NOTES----
· Long term swing low of 5178 formed now as the closing was in green for the month.

SP UPDATE

2011-03-31T12:36:00.001+05:30

All our targets for medium term uptrend achieved today as Nifty is now trading at 5860.....cheers.

TREND WATCH-MARCH 28,29 & 30

2011-03-25T23:40:00.004+05:30

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

· Last swing high is at 5608. (Higher high)

· Last swing low is at 5348. (Higher low)

· Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670**, 5790, 5840. · The up trend will terminate below 5348.

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

· Last swing high is at 5535. (Lower high)

· Last swing low is at 5348. (Lower low)

· Nifty is in corrective up move (From 25th March) with targets (+/-10 points) of 5580**, 5640**, 5720.

· The upmove will terminate below 5348.

IMP. NOTES----

· Medium term swing low of 5348 formed now as the closing was in green for the week.

· Short term down trend terminated today as Nifty traded above 5535.

· First target of 5670 of medium term uptrend given on 4th march achieved today. · ** means target achieved

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. · Targets---are based on Fibonacci retranchment levels between different swings. · All levels are as per Nifty spot only.

TREND WATCH-MARCH 23 & 24 & 25

2011-03-22T22:57:00.003+05:30

MEDIUM TERM----- (As per weekly charts)
· Last swing high is at 5608. (Higher high)
· Last swing low is at 5233. (Higher low)
· Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670, 5790, 5840.
· The up trend will terminate below 5233.

SHORT TERM----- (As per daily charts)
· Last swing high is at 5535. (Lower high)
· Last swing low is at 5348. (Lower low)
· Nifty is in down trend (From 15th March) with targets (+/-10 points) of 5380**, 5350**, 5300.
· The down trend will terminate above 5535.

IMP. NOTES----
· Short term swing low of 5348 formed now as daily closing was in green today.
· ** means target achieved

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.
· Targets---are based on Fibonacci retranchment levels between different swings.
· All levels are as per Nifty spot only.

TREND WATCH UPDATE-MARCH 18

2011-03-17T17:16:00.002+05:30

---Short term swing high of 5535 formed today as daily closing was in red today.

TREND WATCH-MARCH 17

2011-03-16T15:14:00.002+05:30

MEDIUM TERM----- (As per weekly charts)
· Last swing high is at 5608. (Higher high)
· Last swing low is at 5233. (Higher low)
· Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670, 5790, 5840.
· The up trend will terminate below 5233.

SHORT TERM----- (As per daily charts)
· Last swing high is at 5537. (Lower high)
· Last swing low is at 5374. (Lower low)
· Nifty is in down trend (From 15th March) with targets (+/-10 points) of 5380**, 5350, 5300.
· The down trend will terminate above 5537.

IMP. NOTES----
· Short term swing low of 5374 formed now as daily closing was in green today.
· ** means target achieved

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.
· Targets---are based on Fibonacci retranchment levels between different swings.
· All levels are as per Nifty spot only.

QUIZ FOR READERS

2011-03-16T09:32:00.004+05:30

----latest hourly chart of nifty.
----now termination level for the uptrend is at 5502.(2.30pm)

---Above is hourly chart of nifty.
---Now tell me
1)what is the latest trend of nifty in hourly chart??
2)what will be termination point?

TREND WATCH-MARCH 16

2011-03-15T15:48:00.003+05:30

MEDIUM TERM----- (As per weekly charts)
· Last swing high is at 5608. (Higher high)
· Last swing low is at 5233. (Higher low)
· Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670, 5790, 5840.
· The up trend will terminate below 5233.

SHORT TERM----- (As per daily charts)
· Last swing high is at 5537. (Lower high)
· Last swing low is at 5412. (Higher low)
· Nifty is in down trend (From 15th March) with targets (+/-10 points) of 5380**, 5350, 5300.
· The down trend will terminate above 5537.

IMP. NOTES----
· Short term swing high of 5537 formed now as daily closing was in red today.
· Short term corrective up move terminated today as Nifty traded below 5412.
· ** means target achieved

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.
· Targets---are based on Fibonacci retranchment levels between different swings.
· All levels are as per Nifty spot only.

TREND WATCH-MARCH 15

2011-03-14T22:25:00.002+05:30

MEDIUM TERM----- (As per weekly charts)
· Last swing high is at 5608. (Higher high)
· Last swing low is at 5233. (Higher low)
· Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670, 5790, 5840.
· The up trend will terminate below 5233.

SHORT TERM----- (As per daily charts)
· Last swing high is at 5563. (Lower high)
· Last swing low is at 5412. (Higher low)
· Nifty is in corrective up move (From 1st March) with targets (+/-10 points) of 5580**, 5640, 5700.
· The up move will terminate below 5412.

IMP. NOTES----
· Short term swing low of 5412 formed now as daily closing was in green today.
· ** means target achieved

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.
· Targets---are based on Fibonacci retranchment levels between different swings.
· All levels are as per Nifty spot only.

TREND WATCH-MARCH 14

2011-03-11T18:05:00.001+05:30

MEDIUM TERM----- (As per weekly charts)
· Last swing high is at 5608. (Higher high)
· Last swing low is at 5233. (Higher low)
· Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670, 5790, 5840.
· The up trend will terminate below 5233.

SHORT TERM----- (As per daily charts)
· Last swing high is at 5563. (Lower high)
· Last swing low is at 5408. (Higher low)
· Nifty is in corrective up move (From 1st March) with targets (+/-10 points) of 5580**, 5640, 5700.
· The up move will terminate below 5408.

IMP. NOTES----
· Medium term swing high of 5608 formed now as weekly closing was in red today.
· ** means target achieved

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.
· Targets---are based on Fibonacci retranchment levels between different swings.
· All levels are as per Nifty spot only.

TREND WATCH-MARCH 11

2011-03-10T17:25:00.002+05:30

MEDIUM TERM----- (As per weekly charts)
· Last swing high is at 5599. (Lower high)
· Last swing low is at 5233. (Higher low)
· Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670, 5790, 5840.
· The up trend will terminate below 5233.

SHORT TERM----- (As per daily charts)
· Last swing high is at 5563. (Lower high)
· Last swing low is at 5408. (Higher low)
· Nifty is in corrective up move (From 1st March) with targets (+/-10 points) of 5580**, 5640, 5700.
· The up move will terminate below 5408.

IMP. NOTES----
· Short term swing high of 5563 formed now as daily closing was in red today.
· ** means target achieved

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.
· Targets---are based on Fibonacci retranchment levels between different swings.
· All levels are as per Nifty spot only.

TREND WATCH-MARCH 9 & 10

2011-03-08T17:21:00.002+05:30

TREND WATCH------

MEDIUM TERM----- (As per weekly charts)
· Last swing high is at 5599. (Lower high)
· Last swing low is at 5233. (Higher low)
· Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670, 5790, 5840.
· The up trend will terminate below 5233.

SHORT TERM----- (As per daily charts)
· Last swing high is at 5608. (Higher high)
· Last swing low is at 5408. (Higher low)
· Nifty is in corrective up move (From 1st March) with targets (+/-10 points) of 5580**, 5640, 5700.
· The up move will terminate below 5408.

IMP. NOTES----
· Short term swing low of 5408 formed now as daily closing was in green today.
· ** means target achieved

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.
· Targets---are based on Fibonacci retranchment levels between different swings.
· All levels are as per Nifty spot only.

TREND WATCH-MARCH 8

2011-03-07T14:58:00.001+05:30

TREND WATCH------

MEDIUM TERM----- (As per weekly charts)
· Last swing high is at 5599. (Lower high)
· Last swing low is at 5233. (Higher low)
· Nifty is in up trend (From 4th March) with targets (+/-30 points) of 5670, 5790, 5840.
· The up trend will terminate below 5233.

SHORT TERM----- (As per daily charts)
· Last swing high is at 5608. (Higher high)
· Last swing low is at 5233. (Lower low)
· Nifty is in corrective up move (From 1st March) with targets (+/-10 points) of 5580**, 5640, 5700.
· The up move will terminate below 5233.

IMP. NOTES----
· Swing high of 5608 formed now in daily charts as Nifty closed in red today.
· ** means target achieved

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.
· Targets---are based on Fibonacci retranchment levels between different swings.
· All levels are as per Nifty spot only.

SP. UPDATE

2011-03-04T09:25:00.001+05:30

---Nifty is trading above 5599(weekly swing high).
---So, Medium term upmove is now converted into uptrend with targets of 5670, 5790, 5840.

TREND WATCH-MARCH 3 & 4 & 7

2011-03-02T08:10:00.003+05:30

TREND WATCH------
· Last swing high is at 5526. (Lower high)
· Last swing low is at 5238. (Lower low)
· In the medium term,
--- Nifty is in corrective up move (From 18th February) with targets (+/-30 points) of 5600**, 5680, 5790.
--- The up move will terminate below 5178.
· In the short term,
--- Nifty is in corrective up move (From 1st March) with targets (+/-10 points) of 5580, 5640, 5700.
--- The up move will terminate below 5238.

(** means target achieved)

IMP. NOTES----
· Short term down trend is terminated now as Nifty traded above 5526..

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.
· Targets---are based on Fibonacci retranchment levels between different swings.

ROADMAP FOR TARGET OF 20000 IN NIFTY

2011-02-28T00:05:00.003+05:30

Please read my previous post first here

--- Today I have posted historical chart of Sensex and we will compare it with Nifty for our target of 20000 in year 2020.
1) Sensex made high of 6150 in Feb 2000... and Nifty made high of 6350 in Jan 2008.
2)Then sensex made low of 2594 in Sept 2001...and Nifty made low of 2250 in Oct 2008.
3)Sensex made again high of 6250 in Jan 2004...and Nifty again made high of 6339 in Nov 2010.
4)Then Sensex made low of 4227 in May 2004....and Nifty had made low of 5177 so far in Feb 2011.
5)Sensex again crossed the 6000 level in Nov 2004....and most importantly it never came back below 6000 after that. So if you beleive that history is likely to repeat in Nifty then this is the last chance to get entry in to our market below 6000 in Nifty.
6) After crossing the 6000 level in Nov 2004 Sensex made a high of around 21000 in Jan 2008 in almost 4 years only....let us hope same happens to Nifty in next 9 years.

----Please note that this article will be of help for long term investors only.
wish you all happy investing.
-Dr.Jignesh Shah.

TREND WATCH-FEB 28 & MARCH 1

2011-02-25T15:01:00.004+05:30

TREND WATCH------
· Last swing high is at 5526. (Lower high)
· Last swing low is at 5238. (Lower low)
· In the medium term,
--- Nifty is in corrective up move (From 18th February) with targets (+/-30 points) of 5600**, 5680, 5790.
--- The up move will terminate below 5178.
· In the short term,
--- Nifty is in down trend (From 24th February) with targets (+/-10 points) of 5380**, 5340**, 5300**.
--- The down trend will terminate above 5526.

(** means target achieved)

IMP. NOTES----
· Swing low 5238 formed now as Nifty closed in green today.

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.
· Targets---are based on Fibonacci retranchment levels between different swings.

SP. UPDATE

2011-02-24T09:49:00.003+05:30

---Nifty is trading below 5413, so short term upmove is now terminated.
---In the short term, Nifty is now in downtrend with targets of 5380, 5340, 5300.

TREND WATCH-FEB 23 & 24

2011-02-22T17:58:00.002+05:30

TREND WATCH------
· Last swing high is at 5526. (Lower high)
· Last swing low is at 5413. (Higher low)
· In the medium term,
--- Nifty is in corrective up move (From 18th February) with targets (+/-30 points) of 5600**, 5680, 5790.
--- The up move will terminate below 5178.
· In the short term,
--- Nifty is in corrective up move (From 14th February) with targets (+/-10 points) of 5450**, 5500**, 5550**.
--- The up move will terminate below 5413.

(** means target achieved)

IMP. NOTES----
· Swing high of 5526 formed now as Nifty closed in red today.

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.
· Targets---are based on Fibonacci retranchment levels between different swings.

TREND WATCH-FEB 22

2011-02-21T17:39:00.001+05:30

TREND WATCH------
· Last swing high is at 5599. (Higher high)
· Last swing low is at 5413. (Higher low)
· In the medium term,
--- Nifty is in corrective up move (From 18th February) with targets (+/-30 points) of 5600**, 5680, 5790.
--- The up move will terminate below 5178.
· In the short term,
--- Nifty is in corrective up move (From 14th February) with targets (+/-10 points) of 5450**, 5500**, 5550**.
--- The up move will terminate below 5413.

(** means target achieved)

IMP. NOTES----
· Swing low of 5413 formed now as Nifty closed in green today.

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.
· Targets---are based on Fibonacci retranchment levels between different swings.

TREND WATCH-FEB 21

2011-02-18T21:19:00.002+05:30

TREND WATCH------
· Last swing high is at 5599. (Higher high)
· Last swing low is at 5178. (Lower low)
· In the medium term,
--- Nifty is in corrective up move (From 18th February) with targets (+/-30 points) of 5600**, 5680, 5790.
--- The up move will terminate below 5178.
· In the short term,
--- Nifty is in corrective up move (From 14th February) with targets (+/-10 points) of 5450**, 5500**, 5550**.
--- The up move will terminate below 5178.

(** means target achieved)

IMP. NOTES----
· Medium term downtrend is terminated now as Nifty traded above 5556.
· Swing high of 5599 formed today as Nifty closed in red today.

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.
· Targets---are based on Fibonacci retrenchment levels between different swings.

TREND WATCH-FEB 18

2011-02-17T17:08:00.000+05:30

TREND WATCH------
· Last swing high is at 5440. (Lower high)
· Last swing low is at 5178. (Lower low)
· In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5556.
· In the short term,
--- Nifty is in corrective up move (From 14th February) with targets (+/-10 points) of 5450**, 5500**, 5550**.
--- The up move will terminate below 5178.

(** means target achieved)

IMP. NOTES----
· All targets for short term up move achieved now.

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.
· Targets---are based on Fibonacci retrenchment levels between different swings.

TREND WATCH-FEB 15 & 16

2011-02-14T14:26:00.002+05:30

TREND WATCH------
· Last swing high is at 5440. (Lower high)
· Last swing low is at 5178. (Lower low)
· In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5556.
· In the short term,
--- Nifty is in corrective up move (From 14th February) with targets (+/-10 points) of 5450, 5500, 5550.
--- The up move will terminate below 5178.

(** means target achieved)

IMP. NOTES----
· Short term down trend is now terminated as Nifty traded above 5440.

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.

TREND WATCH-FEB 14

2011-02-11T14:42:00.002+05:30

TREND WATCH------
· Last swing high is at 5440. (Lower high)
· Last swing low is at 5178. (Lower low)
· In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5556.
· In the short term,
--- Nifty is again in down trend (From 4th February) with targets (+/-10 points) of 5360**, 5330**, 5300.
--- The down trend will terminate above 5440.

(** means target achieved)

IMP. NOTES----
· Swing low of 5178 formed now as Nifty closed in green today. (5178 is lowest low of last two days)

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.

TREND WATCH-FEB 9 & 10 & 11

2011-02-08T15:04:00.005+05:30

TREND WATCH------
• Last swing high is at 5440. (Lower high)
• Last swing low is at 5369. (Lower low)
• In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5556.
• In the short term,
--- Nifty is again in down trend (From 4th February) with targets (+/-10 points) of 5360**, 5330**, 5300**.
--- The down trend will terminate above 5440.

(** means target achieved)

IMP. NOTES----
• Swing high of 5440 formed now.

Sp. Notes---
• Swing low----- occurs when Nifty closes in green and lowest low of last two days will be Swing low.
• Swing high----- occurs when Nifty closes in red and 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.

TREND WATCH-FEB 8

2011-02-07T15:42:00.001+05:30

TREND WATCH------
• Last swing high is at 5556. (Lower high)
• Last swing low is at 5369. (Lower low)
• In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5802.
• In the short term,
--- Nifty is again in down trend (From 4th February) with targets (+/-10 points) of 5360**, 5330, 5300.
--- The down trend will terminate above 5556.

(** means target achieved)

IMP. NOTES----
• Swing low of 5369 formed now.

TREND WATCH-FEB 7

2011-02-04T15:37:00.000+05:30

TREND WATCH------
• Last swing high is at 5556. (Lower high)
• Last swing low is at 5402. (Lower low)
• In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5802.
• In the short term,
--- Nifty is again in down trend (From 4th February) with targets (+/-10 points) of 5360, 5330, 5300.
--- The down trend will terminate above 5556.
(** means target achieved)

IMP. NOTES----
• Swing high of 5556 formed now.

TREND WATCH-FEB 3 & 4

2011-02-02T17:56:00.002+05:30

TREND WATCH------
• Last swing high is at 5802. (Higher high)
• Last swing low is at 5402. (Lower low)
• In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5874.
• In the short term,
--- Nifty is in down move (From 27th January) with targets (+/-10 points) of 5610**, 5550**, 5480**.
--- The down move will terminate above 5802.

(** means target achieved)

IMP. NOTES----
• Swing low of 5402 formed now.

TREND WATCH-JAN 31 & FEB 1

2011-01-29T17:41:00.002+05:30

TREND WATCH------
• Last swing high is at 5802. (Higher high)
• Last swing low is at 5675. (Higher low)
• In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550**.
--- The downtrend will terminate above 5874.
• In the short term,
--- Nifty is in down move (From 27th January) with targets (+/-10 points) of 5610**, 5550**, 5480**.
--- The down move will terminate above 5802.

(** means target achieved)

IMP. NOTES----
• Short term uptrend terminated (on 27th Jan) as Nifty traded and closed below 5675.

TREND WATCH-JAN 27

2011-01-26T04:19:00.000+05:30

TREND WATCH------
• Last swing high is at 5802. (Higher high)
• Last swing low is at 5675. (Higher low)
• In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550.
--- The down move will terminate above 5874.
• In the short term,
--- Nifty is in uptrend (From 24th January) with targets (+/-10 points) of 5770**, 5800**, 5830.
--- The uptrend will terminate below 5675.
(** means target achieved)

IMP. NOTES----
• Swing high of 5802 formed now as Nifty closed in red today.

TREND WATCH-JAN 25

2011-01-24T17:51:00.000+05:30

TREND WATCH------
• Last swing high is at 5729. (Lower high)
• Last swing low is at 5675. (Higher low)
• In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550.
--- The down move will terminate above 5874.
• In the short term,
--- Nifty is in uptrend (From 24th January) with targets (+/-10 points) of 5770, 5800, 5830.
--- The uptrend will terminate below 5675.

(** means target achieved)

IMP. NOTES----
• Swing low of 5675 formed now as Nifty closed in green today.
• Short term down move terminated today as Nifty traded and closed above 5729.