· Last swing high is at 5295. (Lower high)
· Last swing low is at 5202. (Higher low)
· In the medium term,
--- Nifty is now in corrective down move (from 19th April) with targets of 5120, 5040.
--- The down move will ‘terminate’ above 5342.
· In the short term,
--- Nifty is in down trend (from 15th April) with targets of 5260**, 5230**, 5200**.
---The down trend will terminate above 5295.
(Targets are +/- 20 points, ** means target achieved)
***SP.NOTES**
---Swing high of 5295 formed now which is lower then previous swing high of 5342.
