TREND WATCH------
· Last swing high is at 5416. (Lower high)
· Last swing low is at 5349. (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 corrective up move (from 2nd August) with targets of 5430**, 5460**, 5480**. (all targets achieved now)
---The up move will terminate below 5349.
(Targets are +/- 20 points, ** means target achieved)
IMP. NOTES----
· Nifty traded between 5428 and 5482.
. All targets for short term corrective upmove achieved now.
