'WISH YOU HAPPY DIWALI AND PROSPEROUS NEW YEAR'
TREND WATCH------
• Last swing high is at 6151. (Higher high)
• Last swing low is at 5937. (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 corrective up move (From 3rd November) with targets (+/-10 points) of 6180**, 6210**, 6240**.
---The up move will terminate below 5937.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 6199 and 6290.
• Medium term corrective up move is now converted in to uptrend as Nifty traded above major swing high of 6284.
