TREND WATCH------
• Last swing high is at 6030. (Higher high)
• Last swing low is at 5964. (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 6144.
• In the short term,
--- Nifty is in up trend (From 2nd December) with targets (+/-10 points) of 6010**, 6080**, 6140.
--- The up trend will terminate below 5964.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 5982 and 6070.
• Swing low of 5964 formed now.
• Short term corrective up move is converted into uptrend now.
