(1) Nifty Chart For 30/10/2009 ::
Nifty :: We clearly indicate in our yesterday post that those who sell above 5100 its time to cover there short in extreme deep near our white highlighted support.. And it is, with all short term oversold indicator Nifty made an Positive Three Gap Down short term bottom pattern.. Almost finish 3rd minor corrective wave.. 28 day’s rally wipe out in just 7day’s,faster retracement give conformation of top formation and that’s why avoid buy in extreme high but due to oversold indicator with bullish chart pattern our strategy for 30th Oct buy in deep (S.L 4670) sell at high (S.L 4897)… Last two candles once again made Bearish Trending Candle Take Over with Belt Hold Line bear candle a steady downward pattern, that’s why buy only in deep and avoid buy in gap up opening. Resistance for up move at 4785/4830/4851/ 4860/4867/4897/4934.. Supports at 4738/4700/ 4692/4670...


for all other people calls please trade at your own risk