July 06, 2010, Nifty

Nifty has just opened a touch up.
Nifty made a lower low and a lower high. It was also a doji candle further reinforcing our view of a trend reversal.We will stay short, but move our stop loss down.
Trading Strategy: Stay short, with stop loss at 5313.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400