(1) Nifty Chart For 29/10/2009 ::

Nifty :: Body Gap down bear candle with volume indicate study downward pattern continue.. All intraday and short term daily indicator enter in extreme oversold region.. Be careful in shorting if Nifty open gap down.. Still short term momentum may be continue for more one or two days but now avoid sell at low and short term positional trader who enter in short near 5100 thing for buy in extreme lower level.. Watch extreme lower buying level near 4700.. Before it two strong support at 4768/4763.. Our strategy for 29th Oct. if Nifty open just below 4790 sell at high (S.L 4867) buy in deep (S.L 4670).. If Nifty open gap down and touch 4738 fast then buy in deep (S.L 4670) sell at high (S.L 4868).. Resistance for up move at 4856/4867/4915.. Supports at 4767/4763/ 4738/4700/4670..