TREND WATCH------
• Last swing high is at 6188. (Lower high)
• Last swing low is at 6058. (Lower low)
• In the medium term,
--- Nifty is again in up trend (From 13th October) with targets (+/-30 points) of 6320, 6400, 6480.
---The uptrend will terminate below 6058.
• In the short term,
--- Nifty is in up trend (From 13th October) with targets (+/-10 points) of 6260, 6290, 6330.
---The up trend will terminate below 6058.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 6090 and 6240.
• Swing low of 6058 formed now which is lower than previous swing low of 6067.
• Short term down trend is terminated as nifty closed above swing high of 6188.
• Please note that currently short term trend is ‘up’ and medium term trend is ‘up’.
