• Last swing bottom is at 5169 and swing top is at 5280.
• In the medium term,
--- Nifty is in uptrend (from 23rd Dec.) with targets of 5240(achieved), 5360.
---The uptrend will ‘terminate’ below 5160.
• In the short term,
---Nifty is in downtrend (from 12th Jan.) with targets of 5210(achieved), 5190(achieved), 5170(achieved).
----The downtrend will ‘terminate’ above 5280.
