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 down trend (From 11th November) with targets (+/-10 points) of 6150, 6100, 6040.
--- The down trend will terminate above 6311.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 6180 and 6296.
• Short term corrective up move was terminated today as Nifty traded and closed below 6244.
