TREND WATCH------
• Last swing high is at 5729. (Lower high)
• Last swing low is at 5675. (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 uptrend (From 24th January) with targets (+/-10 points) of 5770, 5800, 5830.
--- The uptrend will terminate below 5675.
(** means target achieved)
IMP. NOTES----
• Swing low of 5675 formed now as Nifty closed in green today.
• Short term down move terminated today as Nifty traded and closed above 5729.
