TREND WATCH------
• Last swing high is at 5148. (Higher high)
• Last swing low is at 4967. (Higher low)
• In the medium term,
--- Nifty is in corrective up move (From 3rd June) with targets of 5160**, 5280, 5330.
--- The up move will ‘terminate’ below 4786.
• In the short term,
--- Nifty is in up trend (from 3rd June) with targets of 5140**, 5190, 5260.
---The up trend will ‘terminate’ below 4967.
(Targets are +/- 20 points, ** means target achieved)
IMP. NOTES----
• Nifty traded in average range of 80 points between 4980 and 5050. (Range compression).
• ‘Inside day’ formed in Nifty today as Nifty traded between high & low of yesterday.
• Swing low of 4967 formed now which is higher then previous swing low of 4961.
