November 06, 2008, Nifty

Nifty was unable to clear 3254 and fell sharply from its high of the day. Asia is down this morning so we expect the Nifty will open down. 3017 was a strong support which Nifty broke yesterday. We will now watch if the Nifty will be able to find a bottom around the next supports.
Trading strategy: Play for supports/resistances breaks or bounces
Supports:2753, 2488
Resistances: 3017, 3074