TREND WATCH------
• Last swing high is at 6181. (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 corrective down move (From 7th January) with targets (+/-10 points) of 5960**, 5900**, 5840.
--- The down move will terminate above 6181.
(** means target achieved)
IMP. NOTES----
• Short term uptrend is now terminated as Nifty traded and closed below swing low of 5982.
