TREND WATCH------
• Last swing high is at 6046. (Higher high)
• Last swing low is at 5982. (Higher low)
• In the medium term,
--- Nifty is in uptrend (From 30th December) with targets (+/-30 points) of 6140, 6200, 6280.
--- The uptrend will terminate below 5720.
• In the short term,
--- Nifty is in uptrend (From 16th December) with targets (+/-10 points) of 5980**, 6010**, 6050**. (All targets achieved)
--- The uptrend will terminate below 5982.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 6062 and 6106.
• Medium term down move is terminated now.
