• 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.
--- Nifty will be in medium term downtrend below 4766 with targets of 4740, 4600, 4460.
• In the short term,
--- Nifty was in downtrend (from 21st Jan.) which is terminated.
--- Nifty will be in short term downtrend below 4814 with targets of 4780, 4730, 4690.
• 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 4814.
