TREND WATCH------
• Last swing high is at 6020. (Lower high)
• Last swing low is at 5690. (Lower 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 corrective up move (From 2nd December) with targets (+/-10 points) of 6010**, 6080, 6140.
--- The up move will terminate below 5690.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 5980.and 6030.
• Short term down trend is terminated now.
