MEDIUM TERM----- (As per weekly charts)
• Last swing high is at 5605. (Lower high)
• Last swing low is at 5329. (Lower low)
• Nifty is in down trend (From 3rd May) with targets (+/-30 points) of 5650**, 5600**, 5550**.
• The down trend will terminate above 5605.
• Medium term swing low (Lower low) formed at 5329. (As the closing was in green for the week which ended on 3rd June).
• Medium term swing high (Lower high) formed at 5605. (As the closing was in red for the week which ended on 10th June)
• ** means target achieved.
SHORT TERM----- (As per daily charts)
• Last swing high is at 5570. (Lower high)
• Last swing low is at 5480. (Higher low)
• Nifty is in down trend (From 10th June) with targets (+/-10 points) of 5450, 5420, 5380.
• The down trend will terminate above 5570.
• Short term swing high (Lower high) formed at 5570. (As the closing was in red for the day on 7th June).
• Short term up trend terminated today as Nifty traded below 5480.
• ** means target achieved.
