July 29, 2009, Nifty

Nifty made another doji candle with the same trading range. This indicated clear indecision in the market. We hit our stop loss and booked profits. We will wait for a break out on either side before taking a position. We may have false break outs as options expiry is on Thursday.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4529, 4505
Resistances: 4600, 4650, 4680