October 6, 2008, Nifty

Asian markets are down. Nifty should open gap down. We need to see if it can bounce back from previous low of 3715. This seems unlikely. This time if we break 3790 and then 3715 we could see a large fall.

Trading strategy: Play for supports/resistances breaks or bounces.
Supports: 3790, 3715
Resistances: 3853,