(1) Nifty Chart For 22/10/2009 ::

Nifty :: An outside day bar work proper and once Nifty break 5102 its touch 5051 strong support as per our yesterday post.. Exactly close at long term trend line support which started from march bottom.. Now for 22nd Oct. watch two strong midterm support level 5029/5020 (& three state assembly election result).. Mid term investor buying S.L now at 5020 as closing basis.. Once Nifty given close below 5020 then may be we see at least 4700 to 4400 level in coming days.. Still everything is confusing, we update proper target when first leg finish (May be on 2nd Nov.).. Till then go with trend watch 5029/5020 below it sell at high (S.L 5064) buy on deep (S.L 4950).. If Nifty hold support 5020 then change strategy as buy in deep (S.L 5020) Sell at high (S.L 5124).. Resistance for up move at 5094/5100/5118/ 5124.. Supports at 5052/5029/5020/4950..