TREND WATCH------
• Last swing high is at 6127. (Lower high)
• Last swing low is at 5985. (Lower low)
• In the medium term,
--- Nifty is in corrective down move (From 15th October) with targets (+/-30 points) of 6000**, 5900, 5800.
---The down move will terminate above 6284.
• In the short term,
--- Nifty is in corrective down move (From 15th October) with targets (+/-10 points) of 6020**, 5980**, 5960.
---The down move will terminate above 6127.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 6008 and 6127.
• Swing high of 6127 formed now as Nifty closed in red today.
• Please note that currently short term trend is ‘down move’ and medium term trend is ‘down move’.
