TREND WATCH------
• Last swing high is at 5954. (Lower high)
• Last swing low is at 5855. (Higher low)
• In the medium term,
--- Nifty is in corrective down move (From 19th November) with targets (+/-30 points) of 5900**, 5800**, 5700**. (All targets achieved)
--- The down move will terminate above 6070.
• In the short term,
--- Nifty is in uptrend (From 16th December) with targets (+/-10 points) of 5980, 6010, 6050.
--- The uptrend will terminate below 5855.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 5855 and 5956.
• Swing low of 5855 formed now as Nifty closed in green today.
• Short term corrective down move is terminated now.
