TREND WATCH------
• Last swing high is at 6311. (Lower high)
• Last swing low is at 6039. (Lower 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**. (All targets achieved)
--- The down trend will terminate above 6311.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 6039 and 6129.
• Swing low of 6039 formed now as Nifty closed in green today.
