Tuesday, February 2, 2010

Nifty Trend Watch-Feb 3

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 4951.
In the short term,
--- Nifty was in downtrend (from 21st Jan.) which is terminated.
In the immediate term
----Nifty is in corrective up move (from 29th Jan.) with targets of 4910 (achieved), 4930 (achieved), 4960, 5010.
--- The up move will terminate below 4766.