December 3, 2008, Nifty

Nifty rallied in the second half of the day to make a nice hammer-doji. Asia is up this morning, so we expect Nifty will open up. If Nifty is able to hold above 2712 we could see a near term rally.

Trading strategy: If Nifty closes above 2712, go long
Supports: 2570, 2502
Resistances: 2712, 2783