TREND WATCH------
• Last swing high is at 5302. (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 small range of 57 points between 5245 and 5302. (Range compression).
• Swing high of 5302 formed now which is higher then previous swing high of 5148.
