July 09, 2010, Nifty

Nifty made a higher high and a higher low yesterday. Our stop loss of 5313 was hit and we closed our position. We will wait and watch before taking a new position. We would like a clear move above 5367 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400