(1) Nifty Chart For 31/12/2009 ::
Nifty :: Once again bear candle with high volume. Given conformation of yesterday shooting star candle pattern.. Today we plot two bearish Wolfe Wave pattern, first one is in larger degree, second one in smaller degree.. May be some more up side left as fifth wave in both structure.. Still Nifty and Sensex both are in corrective up move from march 2009 low, that’s why be careful at extreme higher level.. Till then go with short term trend. For 31st Fno expire day, watch important level 5180, above 5180 momentum seems up, below 5180 momentum down.. Our strategy below 5180 sell at high (S.L 5200) buy in deep (S.L 5112) ..Above 5180 change strategy as buy in deep (S.L 5144) Sell at high (S.L 5248) .. Resistance for up move at 5180/5200/5215/ 5248.. Supports at 544/5129/ 5112/5080..


for all other people calls please trade at your own risk