TREND WATCH------
• Last swing high is at 5416. (Lower high)
• Last swing low is at 5381. (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 5349.
• In the short term,
--- Nifty is in down trend (from 28th July) with targets of 5370**, 5330**, 5300.
---The down trend will terminate above 5416.
(Targets are +/- 20 points, ** means target achieved)
IMP. NOTES----
• Nifty traded between 5349 and 5413.
• Swing high of 5416 formed now which is lower then previous swing high of 5451.
