TREND WATCH------
• Last swing high is at 6151. (Higher 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 6074 and 6120.
• Swing high of 6151 formed now as Nifty closed in red today.
