September 10, 2009, Nifty

Nifty made a lower high, but a higher low. It was another hammer candle. Indicating that we could see a reversal in the trend. We will stay long, but switch to short if our support it breached.
Trading Strategy: Stay long, move stop loss up to 4783.If 4783 is broken, then switch to short with a stop loss at 4842.
Supports: 4783, 4757, 4580, 4421
Resistances: 4842 , 5000