(1) Nifty Chart For 09/10/2009 ::

Nifty :: Today we plot an Intraday chart of Nifty .. In last leg Nifty made a constricting triangle pattern as a-b-c-d-e.. e leg may be finish as far as stay below 5043..Even intraday in last half an hour its already break b-d line but finally given close above it and once again bulls win at least in today’s treading.. Most probably such kind of structure produce bearish implement at higher level.. But in larger scenario as far as Nifty stay above 4900 nothing to worry for bulls.. Still we maintain our midterm buying stop loss at 4900.. For 9th Oct watch first resistance 5037 and 5043 above it next near 5060 and support 4971 for up or down swing.. Our strategy for 9th Oct. up to 5061/5077 sell at high buy in deep.. Resistance for up move at 5037/5043/ 5061/5077/5110.. Supports at 4971/4946/4932/4921/4900..