TREND WATCH------
• Last swing high is at 6073. (Higher high)
• Last swing low is at 5964. (Higher low)
• In the medium term,
--- Nifty is in up trend (From 6th September) with targets (+/-30 points) of 5590**, 5670**, 5750**. (All targets achieved)
---The uptrend will terminate below 5816.
• In the short term,
--- Nifty is again in up trend (From 1st October) with targets (+/-10 points) of 6100**, 6130**, 6230**.
---The uptrend will terminate below 5964.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 6145 and 6222.
• Long upper shadow formed today which is bearish.
• Please note that currently short term trend is ‘up’ and medium term trend is ‘up’.
