TREND WATCH------
• Last swing high is at 5729. (Lower high)
• Last swing low is at 5634. (Higher low)
• In the medium term,
--- Nifty is in down trend (From 11th January) with targets (+/-30 points) of 5700**, 5630**, 5550.
--- The down move will terminate above 5874.
• 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 5729.
(** means target achieved)
IMP. NOTES----
• Swing high of 5729 formed now as Nifty closed in red today.
