TREND WATCH------
· Last swing high is at 5416. (lower high)
· Last swing low is at 5353. (Lower low)
· In the medium term,
--- Nifty is in uptrend (From 12th July) with targets of 5400**, 5460**, 5550.
---The up trend will terminate below 5233.
· In the short term,
--- Nifty was in down trend (from 20th July) which is now terminated.
(Targets are +/- 20 points, ** means target achieved)
IMP. NOTES----
· Nifty traded in big range of 75 points between 5372 and 5447. (Range expansion).
· Nifty traded and closed above swing high of 5416, so short term down trend is now terminated.
