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 downtrend will terminate above 5874.
• In the short term,
--- Nifty is in down move (From 27th January) with targets (+/-10 points) of 5610**, 5550**, 5480**.
--- The down move will terminate above 5802.
(** means target achieved)
IMP. NOTES----
• Short term uptrend terminated (on 27th Jan) as Nifty traded and closed below 5675.
