(1) Nifty Chart For 21/10/2009 ::

Nifty :: After an counter attack type candle pattern Nifty made outside day bearish candle. Exactly came down from high of various type of Elliott wave target on turning date.. As we say in last post once again a-c line works as strong resistance.. Now on 21st Oct. watch 5102 once Nifty break 5102 next strong support zone in between 5058 to 5047 and final support 5013.. Our midterm buying S.L slightly revise as 5013 as closing basis.. May be bulls forcefully try to hold all this support above 5000.. And that’s why our strategy for 21st Oct up to 5053 buy in deep (S.L 5047) Sell at high (S.L 5200) ..If Nifty open gap down in morning and break 5102 try to catch it only near 5073 with strictly S.L 5047.. If Nifty move up then watch strong resistance zone in between 5175 to 5200 and change your strategy as sell at high (S.L 5200) buy in deep.. Resistance for up move at 5145/5075/5082/5200.. Supports at 5102/5081/5073/5053/5013..