July 7, 2009, Nifty

Yesterday was budget day and as expected markets were down. Nifty broke its support at 4143, but only just. The next support for the Nifty is at 4092.
Trading Strategy: If you are not already short, go short with a stop loss at 4298.
Supports: 4092, 3538
Resistances: 4298, 4480