TREND WATCH------
• Last swing high is at 5547. (Higher high)
• Last swing low is at 5408. (Higher low)
• In the medium term,
--- Nifty is in uptrend (From 12th July) with targets (+/-30 points) of 5400**, 5460**, 5550**. (All targets achieved)
---The up trend will terminate below 5372.
• In the short term,
--- Nifty is in uptrend (from 18th August) with targets (+/-10 points) of 5500**, 5530**, 5560.
---The up trend will terminate below 5408.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 5513 and 5547.
• Swing high of 5547 formed now which is higher than previous swing high of 5477.
• Please note that currently short term trend is up and medium trend is also up.
