• Last swing low is at 5235. (Higher low)
• 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**
--Nifty closed above last swing high of 5329 suggests continuation of the current trend.
--Our second target of 5380 of short term uptrend achieved now.
