July 1, 2009, Nifty

Nifty made a lower high and a lower low. We hit our stop loss and booked profits. If Nifty is able to bounce from a support point above 4143, then the up-trend can be re-established. 4143 is a crucial support point which we will watch closely.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4267, 4143, 4092
Resistances: 4482, 4693