TREND WATCH------
· Last swing high is at 5302. (Higher high)
· Last swing low is at 5245. (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 4967.
· In the short term,
--- Nifty is in up trend (from 3rd June) with targets of 5140**, 5190**, 5260**.
---The up trend will ‘terminate’ below 5245.
(Targets are +/- 20 points, ** means target achieved)
IMP. NOTES----
· Nifty traded in big range of 101 points between 5266 and 5367. (Range expansion).
· Swing low of 5245 formed now which is higher then previous swing low of 4967.
· Nifty traded and closed above swing high of 5302.
· All targets for medium term up move also achieved now.