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 6151.
• In the short term,
--- Nifty is in corrective down move (From 27th October) with targets (+/-10 points) of 6000**, 5960, 5920.
--- The down move will terminate above 6151.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 5987 and 6076.
• Short term uptrend is now terminated as Nifty closed below swing low of 6041.
