TREND WATCH------
• Last swing high is at 5320. (Lower high)
• Last swing low is at 5225. (Higher low)
• In the medium term,
--- Nifty is in corrective down move (From 29th June) with targets of 5210**, 5170, 5130.
--- The down move will ‘terminate’ above 5367.
• In the short term,
--- Nifty is in down trend (from 25th June) with targets of 5260**, 5230**, 5200**.
---The down trend will terminate above 5320.
(Targets are +/- 20 points, ** means target achieved)
IMP. NOTES----
• Nifty traded in average range of 66 points between 5231 and 5297. (Range expansion).
• Swing low of 5225 formed now which is higher than previous swing low of 5210.
