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.
• ** means target achieved.
SHORT TERM----- (As per daily charts)
• Last swing high is at 5423. (Lower high)
• Last swing low is at 5329. (Lower low)
• Nifty is in corrective up move (From 27th May) with targets (+/-10 points) of 5460**, 5500, 5550.
• The up move will terminate below 5329.
• Short term swing low (Lower low) formed at 5329. (As the closing was in green for the day on 26th May).
• Short term down move terminated today as Nifty traded above 5423.
• ** means target achieved.
