TREND WATCH------
• Last swing high is at 6121. (Lower high)
• Last swing low is at 6041. (Higher 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 up trend (From 25th October) with targets (+/-10 points) of 6160**, 6180, 6200.
---The up trend will terminate below 6041.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 6095 and 6151.
• Swing low of 6041 formed now as Nifty closed in green today.
• Short term down trend is terminated now as Nifty traded above swing high of 6121.
