MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5913. (Lower high)
• Last swing low is at 5693. (Higher low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5913.
SHORT TERM----- (As per daily charts)
• Last swing high is at 5575. (Lower high)
• Last swing low is at 5472. (Lower low)
•Nifty is in corrective up move (From 13th May) with targets (+/-10 points) of 5610**, 5640, 5680.
• The up move will terminate below 5472.
IMP. NOTES----
• Short term swing low of 5472 formed now as the closing was in green for the day.
• ** means target achieved
PLEASE NOTE THAT I WILL NOT BE ABLE TO UPDATE THE BLOG REGULARLY FOR NEXT FEW MONTHS.
SO I WILL UPDATE ONLY WHEN TREND CHANGES.....
