· Nifty made high and low of 5300 and 5201 on last trading day.
· Last swing top is at 5300.
· Trading above 5220, up move will be seen up to 5240, 5260, 5280.
· Below 5200, correction will be seen up to 5180, 5170, 5160.
· In the medium term, Nifty is in uptrend with targets of 5240(achieved), 5360. The uptrend will ‘terminate’ below 5160.
· In the short term, Nifty is now in downtrend with targets of 5210(achieved), 5190, 5170. The downtrend will terminate above 5300.
