TREND WATCH------
· Last swing high is at 5487. (Higher 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**.
---The up move will terminate below 5349.
(Targets are +/- 20 points, ** means target achieved)
IMP. NOTES----
· Nifty traded between 5428 and 5482.
· Swing high of 5487 formed now which is higher than previous swing high of 5416.
