TREND WATCH------
• Last swing high is at 6311. (Lower high)
• Last swing low is at 6244. (Higher low)
• In the medium term,
--- Nifty is in up trend (From 4th November) with targets (+/-30 points) of 6350**, 6480, 6800.
---The up trend will terminate below 5937.
• In the short term,
--- Nifty is in corrective up move (From 3rd November) with targets (+/-10 points) of 6180**, 6210**, 6240**.
---The up move will terminate below 6244.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 6269 and 6308.
• Swing high of 6311 formed now as Nifty closed in red today.
