November 19, 2009, Nifty

Nifty made a higher high and a higher low. However it was the second successive doji candle for the Nifty. We seem to be winding up for a large move. Stay long, move stop loss up, but keep stop losses strict. Be prepared to switch to short if needed.
Trading Strategy: Stay long, move stop loss up to 5042. If Nifty breaks 5023, go short with a stop loss at 5079.
Supports: 5023, 4860, 4804
Resistances: 5079, 5182