• Last swing high is at 5382. (Lower high)
• In the medium term,
--- Nifty is in up trend (from 29th March.) with targets of 5450, 5550, 5700.
--- The up trend will ‘terminate’ below 5187.
• 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)
