TREND WATCH------
• Last swing high is at 5802. (Higher 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 high of 5802 formed now as Nifty closed in red today.
