(1) Nifty Chart For 26/10/2009 ::

Nifty :: Inverted Hammer like A Shooting star shaped candle stick found after down trend could be a bullish signal.. But last two candle pattern suggest Thrusting Line bearish candle pattern because it didn’t close above mid point of last black candle.. In weekly close The Dark Cloud candle pattern suggest a major bearish reversal pattern..(Mid term investor watch 4945 as weekly closing basis for conformation of this pattern).. . Finally all this daily and weekly candle pattern suggest major down trend already start with breakdown of rising veg ..But with last candle and one type of bar buy setup like 1-2-3 & buy, watch two supports 4965/4958. If Nifty take support near 4964/4958 our strategy for 26th Oct. below 4998 stay in sell and again buy in deep (S.L 4958) Sell at high (S.L 5064/5098)..If Nifty break 4958 next target or strong support came at 4931/4909 .. And that’s why stay in sell if Nifty break 4958 and try to buy for short term again near 4931/4909 for short term oversold swing buy setup with strictly S.L 4904.. On 26th Oct watch resistance for up move at 5016/5038/5045/5055/5064/5098. Supports at 4983/4968/4958/4931/4909..