• Last swing high is at 5382. (Lower high)
• In the medium term,
--- Nifty is now in corrective down move (from 19th April) with targets of 5120, 5040.
--- The down move will ‘terminate’ above 5400.
• In the short term,
--- Nifty is in down trend (from 15th April) with targets of 5260**, 5230**, 5200**.
---The down trend will terminate above 5382.
(Targets are +/- 20 points, ** means target achieved)
***sp.notes**
--Nifty was in medium term uptrend which is terminated now.
--All targets for short term downtrend achieved now.
