September 17, 2008, Nifty

Nifty recovered from yesterday's lows and closed near its opening - A sign that this fall might be ending. Asia is up, oil is at 94. We will see a bounce back for the Nifty. However we need to look for a signal which will confirm that this bounce will last, till then stay ready to hit stop losses, or if you want to be safe, avoid taking a position.
Trading Strategy: Go long with stop loss at supports.
Supports: 3919, 3790
Resistances: 4091, 4167