April 24, 2009, Nifty

Nifty made a higher high and a higher low. Asia is mixed this morning, so Nifty could open flat or a touch up. We initiated a short last Friday and booked our profits yesterday. We will stay on the sidelines till another clear trend emerges.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 3297, 3149
Resistances: 3511 , 3648