September 15, 2009, Nifty

Nifty made a hammer candle. However we cannot conclude on which side the next trend is going to set in. We will stay long, but switch to short if our support it breached.
Trading Strategy: Stay long, with stop loss up to 4783.If 4783 is broken, then switch to short with a stop loss at 4889.
Supports: 4783, 4757, 4580, 4421
Resistances: 4842 , 4889, 5000