6th November 2009 - update

Nifty Spot- 4765.55

Support 4742 /4724 /4707 /4690 /4673
Resistance 4799 /4816 /4833 /4851 /4868.

Buy Nifty only if opens low @ 4724 best @ 4690,
Stop loss 4673 or 4657,
Target 4784/ 4799 /4816 /4833 /4851.

If opens high sell @ 4840, Best sell @ 4860 stop loss 4868,
Target 4780/4742 /4724 /4707.

Positional traders,
Buy 4700 pe or 4800 pe or even 4600 pe with stop loss 4936,
Target later if stop loss not triggered.

Best to exit all long positions once and re- enter, if Nifty closes above 4950 to 5000.