(1) Nifty Chart For 15/10/2009 ::

Nifty :: Once again Nifty made an Belt Hold Line Body Gap up bullish candle with volume. From last too many days we see such kind of move, first day Nifty move up from strong support without volume and next day all retailer jump in supper fast running Rajdhani train and volume increase..!! As per today’s chart Nifty and Sensex both near short term turning date.. And as per various Elliott wave count too may target meets between 5100 to 5195..All indicator made an long bearish divergence. Be careful at higher level may be Nifty open gap up with support of all word market.. At that time watch strong resistance zone in between 5183 to 5209, if face resistance near this level our strategy for intraday only sell at high (S.L 5209) buy in deep (S.L 5053) If Nifty open above all resistance wait and watch for breakdown.. Resistance for up move at 5146/5163/5183/5209.. Supports at 5068/5053/5046..