Tuesday, February 9, 2010

TREND WATCH-FEB 9

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 again in corrective up move (from 8th Feb.) with targets of 4790**, 4820, 4845.
--- The up move will ‘terminate’ below 4675.