September 15, 2008, Nifty

Nifty finished last week deep in the red. US futures have been hammered this morning. Oil is down. We should probably open down a bit. 4159 is now a key support point which has to hold if the Nifty is to bounce back.

Trading Strategy: Look for a break of 4159 or a bounce back from there.
Supports: 4159, 3790
Resistances: 4284, 4336-4350