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 5353.
• In the short term,
--- Nifty is in up trend (from 23rd July) with targets of 5475**, 5510, 5610.
---The up trend will terminate below 5353.
(Targets are +/- 20 points, ** means target achieved)
IMP. NOTES----
• Nifty traded between 5435 and 5477.
• Nifty traded above previous swing high of 5453, so in short term Nifty is now in up trend.
