TREND WATCH-MAY 2

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

---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

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

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

--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

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

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

--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.