TREND WATCH------
• Last swing high is at 6121. (Lower high)
• Last swing low is at 5967. (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 down trend (From 20th October) with targets (+/-10 points) of 5960**, 5920, 5880.
---The down trend will terminate above 6121.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 6041 and 6121.
• Swing high of 6121 formed now as Nifty closed in red today.
