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 81 points between 5120 and 5201. (Range compression).
. Target of 5190 of short term uptrend achieved now.
. Nifty traded and closed above swing high of 5148.
