• Last swing high is at 5400. (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 5187.
• In the short term,
--- Nifty was in uptrend (from 26th March.) which is terminated now.
--- Nifty is now in corrective down move with targets of 5320**, 5290**, 5260.
---The down move will terminate above 5400.
(Targets are +/- 20 points, ** means target achieved)
