• Last swing low is at 5099. (higher 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 now in up trend (from 13th May) with targets 5235, 5275, 5320.
---The UP trend will terminate below 5099.
(Targets are +/- 20 points, ** means target achieved)
***SP.NOTES**
---Nifty traded above 5207, so Nifty is now in short term uptrend.
