December 15, 2008, Nifty

Friday was a doji, as well as a lower high and lower low. Asia is up this morning so Nifty should also be up. We will look to see if the rally fizzles out today.

Trading strategy: Book profits in the long positions. If Nifty closes below 2888 go short. Supports: 2888, 2570
Resistances: 3148, 3240