Nifty & NSI Chart For 05/10/2012 ::

[MyCharts]

 

Nifty :: Bullish 4^th open Gap up candle  in a row, with overbought indicator.. Nifty above breakout but NSI in down trend with negative divergence.. In major cycle wave D, extended e of C reach first extended target 5791, (it may be touch 5872 in coming day’s).. BUT WE DIDN’T HAVE 0% INTEREST RATE, STIMULUS PACKAGE MONEY.. Just stay in side, book profit at higher level, and wait for proper move which support fundamental and technical.. (Nifty may be made top on yesterday as per our 4th Oct. turning date..)