(1) Nifty Chart For 05/10/2009 ::
Nifty :: Made an Single Top formation on daily chart.. Its amazing that in last extended C of c wave made an impulse 5wave structure (may be 3rd if break 5110 after small correction.. Always prepare/ready for alternate scenario in stock market and time to time revise S.L in profit) .. Time and Price both extended at last top.. And that’s why we mark as Single Top formation in daily chart, if it is, then Nifty break 4900 easily in coming days and after it required lower top lower bottom for conformation of Single Top formation of intermediate correction.. Nifty already achieved extended bearish Ending Diagonal target (in our last Ending Diagonal Elliott wave post we told max target 5150).. Midterm investor slightly revise buying stop loss at 4959 or maximum 4900.. Our strategy for 5th Oct. Sell at high (S.L 5110) buy in deep (S.L 4960).. Resistance for up move at 5110/5133/5152/5178.. Supports at 5037/5028/5000/4960/4921/4900..


for all other people calls please trade at your own risk