December 7, 2009, Nifty

Nifty made a lower and a lower low. The Nifty has not yet crashed as we predicted, but it has not broken our revised stop loss. We still feel the Nifty is weak and if it is unable to clear 5182, we could see a major correction.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 4933, 4860, 4807
Resistances: 5138, 5182