• Last swing high is at 5487. (Higher high)
• Last swing low is at 5431. (Higher low)
• In the medium term,
--- Nifty is in uptrend (From 12th July) with targets (+/-30 points) of 5400**, 5460**, 5550.
---The up trend will terminate below 5349.
• In the short term,
--- Nifty is in uptrend (from 9th August) with targets (+/-10 points) of 5500, 5520, 5560.
---The up move will terminate below 5431.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 5433 and 5492.
• Higher swing low of 5431 formed now.
• Nifty is now in short term uptrend.
PLEASE NOTE THAT I WILL NOT BE ABLE TO UPDATE THE BLOG FOR NEXT FEW WEEKS.
