TREND WATCH------
• Last swing high is at 6020. (Lower high)
• Last swing low is at 5864. (Lower low)
• In the medium term,
--- Nifty is in corrective down move (From 19th November) with targets (+/-30 points) of 5900**, 5800**, 5700.
--- The down move will terminate above 6144.
• 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 6020.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 5825 and 5973.
• Swing high of 6020 formed now as Nifty closed in red today.
• Long lower shadow formed today which is bullish.
