(1) Nifty Chart For 17/09/2009 ::

Nifty :: Body gap up Black Hold line bullish candle.. As per bar rule its made and selling pressure bar..!! Its give first warning signal for up move.. Still we stuck with our Ending Diagonal bearish pattern.. Today we plot an larger degree Ending Diagonal pattern.. No other way to predict unfold wave cont in such kind of bullish scenario in corrective up move.. Minimum target (maximum target is still high but we neglect in this overbought situation) of Ending Diagonal 5th of c wave in between 4950 to 5150.. Its mean now Nifty enter in target zone, once again we repeat be careful at higher level.. Short term bullish structure is still intact as far as stay above 2-4 line or at least above 4873 and that’s why enjoy the ride for intraday at lower level only with strictly stop loss.. Our strategy at higher level near strong resistance zone 5006 to 5036 sell at high (S.L 5036) buy on deeps (S.L 4873) Resistance for up move at 4980/5006/5020/5036.. Supports at 4900/4890/4873..