October 26, 2009, Nifty

Nifty made a higher lower, but also a lower high. It was a hammer candle. We could expect a bounce back from this level, so keep stop losses strict.
Trading Strategy: Stay short, move stop loss to with a stop loss at 5064.
Supports: 4921-4935, 4783, 4580,
Resistances: 5077, 5182, 5299