September 24, 2008, Nifty

Yesterday, Nifty closed near its day-low and just below its 5-SMA. Asia is down and so is Oil. We should open flat or a touch down. We are looking for a positive break out at 4158. On the downside we see strong support at 4051
Trading Strategies: Play for supports/resistances breaks or bounces. Avoid overnight positions
Supports: 4110, 4051
Resistances: 4158-78, 4268