Wednesday, February 10, 2010

TREND WATCH- FEB 10

· In the medium term,

--- Nifty is in down trend (from 5th Feb.) with targets of 4740**, 4600, 4460.

--- The down trend will ‘terminate’ above 4951.

· In the short term,

--- Nifty is in downtrend (from 5th Feb.) with targets of 4780**, 4730**, 4690**.

--- The down trend will ‘terminate’ above 4949.

· In the immediate term,

--- Nifty is in corrective up move (from 8th Feb.) with targets of 4790**, 4820**, 4845.

--- The up move will ‘terminate’ below 4739.