February 26, 2010, Nifty

The Nifty made another lower high and a higher low. It was another doji candle. It looks like we could expect a major move on Budget day. We will wait for a move above 4930 before going long. On the short side we will look for a break of 4807
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4807-14, 4766, 4675
Resistances: 4945, 5133