November 27, 2009, Nifty

Nifty made a lower high and a lower low. Our stop loss was hit and we closed our position. The only saving grace was that we closed our position before Nifty began it 75 pt fall for the day. The failure to take out 5182 is not a good sign for he Nifty. We will be go short.
Trading Strategy: Go short with a stop loss at 5113
Supports: 4933, 4860
Resistances: 5113, 5182