TREND WATCH------
• Last swing high is at 5297. (Lower high)
• Last swing low is at 5233. (Higher low)
• In the medium term,
--- Nifty is in uptrend (From 12th July) with targets of 5400**, 5460, 5550.
---The up trend will terminate below 5210.
• In the short term,
--- Nifty is in up trend (from 8th July) with targets of 5330**, 5370**, 5400**. (All targets achieved)
---The up trend will terminate below 5233.
(Targets are +/- 20 points, ** means target achieved)
IMP. NOTES----
• Nifty traded in small range of 53 points between 5352 and 5402. (Range compression).
• All targets for short term up trend achieved now.
• Nifty traded and closed above 5367, so Nifty is now in medium term uptrend also.
