TREND WATCH------
• Last swing high is at 5514. (Higher high)
• Last swing low is at 5472. (Higher low)
• In the medium term,
--- Nifty is in up trend (From 6th September) with targets (+/-30 points) of 5590**, 5670, 5750.
---The uptrend will terminate below 5349.
• In the short term,
--- Nifty is in up trend (From 6th September) with targets (+/-30 points) of 5580**, 5610, 5640.
---The uptrend will terminate below 5472.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 5479 and 5589.
• Swing low of 5472 formed now which is higher than previous swing low.
• Please note that currently short term trend is ‘up trend’ and medium term trend is ‘uptrend’.
