· Last swing low is at 5235. (Higher low)
· Last swing high is at 5329. (Higher high)
· In the medium term,
--- Nifty is again in up trend (from 29th March.) with targets of 5450, 5550, 5700.
--- The up trend will ‘terminate’ below 5101.
· In the short term,
--- Nifty is again in uptrend (from 26th March.) with targets of 5320**, 5380, 5420.
--- The up trend will ‘terminate’ below 5235.
(Targets are +/- 20 points, ** means target achieved)
***sp. notes**
--New higher swing low now formed at 5235.
--So termination value for short term trend now changes to 5235 from 5187.
