January 23, 2009, Nifty

Nifty went below 2701 in Thursday's trading. It was also a doji candle. This again indicates a strong move in the next couple of trading session. We believe the move will be on the downside, but keep strict stop losses.
Trading strategy: Stay short and move stop loss to 2744
Supports: 2701, 2654
Resistances: 2744, 2802