TREND WATCH------
· Last swing high is at 5453. (Higher 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 big range of 81 points between 5372 and 5453. (Range expansion).
· Swing high of 5453 formed now which is higher then previous swing high of 5297.
· Long upper shadow formed today which is bearish.
