Monday, February 1, 2010

Nifty Trend Watch-Feb 2

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 is in corrective up move (from 29th Jan.) with targets of 4910 (achieved), 4930, 4960, 5010.
--- The up move will terminate below 4766.