as shown in the graf our longer term graf drawn on 24th sept 09.is rocking now.........pz note that we are in wave ---C(5160---5185 spot nifty level )--- to wave---D (4770---4740--4700 spot nifty level )----- path.....pz refer graf and click it to enlarge it......... those who shorted nifty @5160--5185 spot range should hold it for minimum tgt 4770--4740--4700 soon.......there completes the wave---D--- and from there nifty again will go up up to 5260---5360 as shown in graf......but one advice to all,, do not think that much longer....will say all of u the next senerio of nifty ,,,let mkt developes the moove first....till then hold the short giving almost..450 points......any sudden change in levels or strategy will be posted immediately.......till then bye....have a nice trading sessions..