• In the medium term,
--- Nifty was in uptrend (from 23rd Dec.) which is terminated now.
--- Nifty is now in corrective down move with targets of 5010, 4950, 4890.
--- The down move will ‘terminate’ above 5311.
• In the short term,
--- Nifty is now in downtrend (from 21st Jan) with targets of 5090 (already achieved), 5020.
----The down trend will ‘terminate’ above 5292.
