(1) Nifty Chart For 20/10/2009 ::

Nifty :: Counter attack type candle pattern on Mahurat treading day.. Not valid due to low volume and less treading time.. But as we draw in chart slowly-slowly Nifty heading towards strong resistance zone like, upper trend line e-c of Rising Veg & Bow Tai Diametric chart pattern upper trend line(check last weekly post).. All indicators are in extreme overbought zone with bearish divergence ... Be careful in buying at higher level and use strictly stop loss in long mid term buying. Our mid term buying S.L now revise at 5000 as closing basis.. Still short term bullish momentum intact so on 20th Oct. watch one level 5156.. Above 5156 short term intraday momentum seems up, below 5156 momentum seems down.. Our strategy for 20th Oct. up to 5125 buy in deep (S.L 5125) sell at high (S.L 5246) … Resistance for up move at 5170/5185/5200/5215/5226/5246.. Supports at 5125/5108/5077/5032/5000..