TREND WATCH------
• Last swing high is at 5556. (Lower high)
• Last swing low is at 5402. (Lower 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 5802.
• In the short term,
--- Nifty is again in down trend (From 4th February) with targets (+/-10 points) of 5360, 5330, 5300.
--- The down trend will terminate above 5556.
(** means target achieved)
IMP. NOTES----
• Swing high of 5556 formed now.
