September 4, 2009, Nifty

Nifty made a higher low but not a higher high. Nifty took support from the 20-EMA. We will move our stop loss down and stay short. Keep stop losses strict. Be ready to close the short, and switch to long.
Trading Strategy: Stay short, move stop loss to 4647.
Supports: 4421, 4353
Resistances: 4647, 4731-46, 4812