• Last swing high is at 5295. (Lower high)
• Last swing low is at 4984. (Lower low)
• In the medium term,
--- Nifty is in down trend (from 4th May) with targets of 5120**, 5040**, 4980**.
--- The down trend will ‘terminate’ above 5342.
• In the short term,
--- Nifty is again in down trend (from 4th May) with targets of 5170**, 5140**, 5070**.
---The down trend will terminate above 5295.
(Targets are +/- 20 points, ** means target achieved)
***SP.NOTES**
---Swing low of 4984 formed now which is lower then previous swing low of 5202.
