• In the medium term,
--- Nifty is in corrective down move (from 21st Jan.) with targets of 5010 (achieved), 4950 (achieved), 4890 (achieved).
--- The down move will ‘terminate’ above 5292.
• In the short term,
--- Nifty is in downtrend (from 21st Jan.) with targets of 5090 (already achieved), 5020 (achieved).
----The down trend will ‘terminate’ above 4930.
• In the immediate term
---- Nifty was in corrective up move (from 28th Jan.) which is terminated now.
----Nifty is again in corrective up move now with targets of 4910, 4930, 4960, 5010.
--- The up move will terminate below 4766.
