MEDIUM TERM----- (As per weekly charts) • Last swing high is at 5605. (Lower high) • Last swing low is at 5196. (Lower low) • Nifty is in corrective up move (From 29th June) with targets (+/-30 points) of 5650, 5730, 5840. • The up move will terminate below 5196. • Medium term swing low (Lower low) formed at 5196. (As the closing was in green for the week which ended on 24th June).
• Medium term down trend terminated today as Nifty traded above 5605. • ** means target achieved.