October 10, 2008, Nifty

US markets have been hammered overnight. We will open gap down. It is unlikely that 3350 will hold. But if it does we could see a rally.

Trading Strategy: Look for a bounce from supports or a break of supports.
Supports: 3555-3537, 3486
Resistances: 3745, 3823

We are 75% done with the October fall that we had predicted on September 26. It is not over yet but the end is in sight.