January 06, 2010, Nifty

Nifty made a higher high and a higher low. However it was a doji candle. We are nearing a strong resistance at 5299. If Nifty is able to break this we could have further upside. If not we could see a pull back from here.
Trading Strategy: Go short with stop loss at 5299, If Nifty opens above 5299 or breaks 5299 during the day, switch to long.
Supports: 5160, 4933
Resistances: 5299