Tuesday, January 19, 2010

Nifty Trend-Jan 20

• Last swing top is at 5292.

• In the medium term,
--- Nifty is in uptrend (from 23rd Dec.) with targets of 5240(achieved), 5360.
---The uptrend will ‘terminate’ below 5169.

• In the short term,
--- Nifty was in uptrend which is terminated now.
---Nifty is now in corrective down move with targets of 5210, 5195.
----The down move will ‘terminate’ above 5292.