SHORT TERM----- (As per daily charts)
• Last swing high is at 5740. (Higher high)
• Last swing low is at 5611. (Higher low)
• Nifty is in down move (from 11th July) with targets (+/- 10 points) of 5580, 5550, 5520.
• The down move will terminate above 5740.
• Short term swing high (Higher high) formed at 5740. (As the closing was in red for the day on 8th July).
• Short term up move terminated today as Nifty traded below 5611.
• ** means target achieved.
