TREND WATCH-MAY 25

TREND WATCH------
• Last swing high is at 4980. (Lower high)
• Last swing low is at 4842. (Lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930**, 4860**, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is in corrective up move (from 24th May) with targets of 4990**, 5040**, 5090.
--- The corrective up move will ‘terminate’ below 4842.

(Targets are +/- 20 points, ** means target achieved)

IMP. NOTES----
• Nifty traded in big range of 106 points between 4923 and 5029. (Range expansion).
• Short term down trend is now terminated and in short term, Nifty is now in corrective up move.
• Swing low of 4842 formed now which is lower then previous swing low of 4908.
• Long upper shadow formed today which is bearish.

*****12.30pm update***
---Nifty made low of 4831, so almost all targets for medium term down trend also achieved now.
---Swing high of 5029 formed now.

TREND WATCH-MAY 24

TREND WATCH------
• Last swing high is at 4980. (Lower high)
• Last swing low is at 4908. (Lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930**, 4860**, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is again in down trend (from 19th May) with targets 4920**, 4880**, 4840**.
---The down trend will terminate above 4980.

Above 4980, Nifty will be in corrective up move with targets of 4990, 5040, 5090.

(Targets are +/- 20 points, ** means target achieved)

IMP. NOTES----
• Nifty traded in big range of 105 points between 4842 and 4947. (Range expansion).
• Swing high of 4980 formed now which is lower then previous swing high of 5105.
• Long lower shadow formed today which is bullish.

***SP.NOTES**
--I have decided to make certain changes in my E-mail service.
--If you wish to take trial of the E-mail service in new format for next few days then send me your E-mail ID to drjcshah123@yahoo.com

TREND WATCH-MAY 21

TREND WATCH------
• Last swing high is at 5105. (Lower high)
• Last swing low is at 4908. (Lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930**, 4860, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is again in down trend (from 19th May) with targets 4920**, 4880, 4840.
---The down trend will terminate above 5105.

(Targets are +/- 20 points, ** means target achieved)

IMP. NOTES----
• Nifty traded in small range of 56 points between 4924 and 4980. (Range contraction).
• Swing low of 4908 formed now which is lower then previous swing low of 4966.
• SGX Nifty is trading around 4830, near our targets.

9.30AM UPDATE-----
--Nifty made low of 4842, so all our targets for short term downtrend are achieved now.
--this is a golden opportunity to build portfolio, we are likely to form bottom here. best picks for delivary based buying will be bharti, hdfc, infosys, l&t, reliance

12.40 update----
--Swing high of 4980 formed now, so short term downtrend will be terminated above 4980.

TREND WATCH-MAY 20

Current decline is Impulsive or Corrective???
last major swing low is at 4675 and swing high is at 5400.
After making low at 4675, Nifty took 39 trading days to make 5400.
So far nifty has took 30 trading days to reach 4908 from 5400.
So if in next 9 trading days if 4675 does not breaks then we have to consider current decline as corrective and if we break 4675 in less then 9 next trading days then we have to cosider current decline as impulsive.

Interesting time ahead......



• Last swing high is at 5105. (Lower high)
• Last swing low is at 4966. (Lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930**, 4860, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is again in down trend (from 19th May) with targets 4920**, 4880, 4840.
---The down trend will terminate above 5105.

(Targets are +/- 20 points, ** means target achieved)

IMP. NOTES----
• Nifty traded in big range of 157 points between 5065 and 4908. (Range expansion)
• Swing high of 5105 formed now which is lower then previous swing high of 5213.
• Nifty traded and closed below swing low of 4966, so short term corrective down move is now converted into downtrend.

TREND WATCH-MAY 19

• Last swing high is at 5213. (higher high)
• Last swing low is at 4966. (lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930, 4860, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is in corrective down move (from 14th May) with targets 5080**, 5030**, 4980**.
---The down move will terminate above 5213.

(Targets are +/- 20 points, ** means target achieved)
***SP.NOTES**
• Swing low of 4966 formed now which is lower then previous swing low of 5099.

TREND WATCH-MAY 18

• Last swing high is at 5213. (higher high)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930, 4860, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is in corrective down move (from 14th May) with targets 5080**, 5030**, 4980**.
---The down move will terminate above 5213.

(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
• Nifty traded below 4984, so medium term trend is now down trend.
• Long lower shadow formed today which is bullish.

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TREND WATCH-MAY 17 & 18

• Last swing high is at 5213. (higher high)
• In the medium term,
--- Nifty is in down trend (from 4th May) with targets of 5120**, 5040**, 4980**. Below 4984, Nifty will be again in down trend with targets of 4930, 4860, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is now in corrective down move (from 14th May) with targets 5080**, 5030**, 4980**.
---The down move will terminate above 5213.

(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
• Nifty closed below 5099, so short term uptrend is now terminated.
• Swing high of 5213 formed now which is higher then previous swing high of 5207.

***NOTES FOR MAY 18**
--Long lower shadow formed today which is very bullish.
--Nifty traded below 4984 but does not closed below 4984.but nifty is still in medium term down trend.

TREND WATCH-MAY 14

• Last swing low is at 5099. (higher low)

• In the medium term,
--- Nifty is in down trend (from 4th May) with targets of 5120**, 5040**, 4980**.
--- The down trend will ‘terminate’ above 5342.

• In the short term,
--- Nifty is now in up trend (from 13th May) with targets 5235, 5275, 5320.
---The UP trend will terminate below 5099.

(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
---Nifty traded above 5207, so Nifty is now in short term uptrend.