(1) Nifty Chart For 14/10/2009 ::

Nifty :: As per our last post Nifty exactly move up from strong midterm support zone and made Belt Hold Line bullish candle ..But volume is still low.. May be above 5000 major short stop losses hit and market move up.... On 14th Oct closely watch two level, higher side resistance level 5077/5110 and down side strong support level 5032.. Above 5077 once again motion line turns positive but as per our last week Elliott wave post Nifty facing too many various wave target resistance in between 5110 to 5195.. Be careful at higher level and use strictly S.L in intraday buying.. For 14th Oct as far as stay above 5032 short term momentum seems up and that’s why our strategy buy in deep (S.L 5032) Sell at high (S.L 5176).. Resistance for up move at 5077/5103/5110/ 5176.. Supports at 5032/5010/4965/4933..
(If Nifty unable to cross 5077 and move down, break 5032 exit all long position in intraday)