• 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 very small range of 41 points between 5215 and 5256. (Range compression).
• All targets for short term uptrend (given on 3rd June) achieved now as Nifty made high of 5256 today.
