February 25, 2010, Nifty

The Nifty made a lower high and a higher low. It was almost a doji candle. With two successive doji's we can now expect a major move from the Nifty. We will wait for a move above 4930 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4807-14, 4766, 4675
Resistances: 4945, 5133