September 29, 2008, Nifty

Asia is up a touch and oil is flat. We should open up. The Nifty needs to break 4096 to sustain an up move. We are again looking at 3790 to provide a bottom. If Nifty touches 3790 in this week, it will probably be broken.

Trading Strategy: Stay short with a stop loss at 4096
Supports: 3919, 3790
Resistances: 4000, 4096