April 26, 2011, Nifty

The Nifty made a lower high and a lower low. There was also a sharp increase in the VIX without a corresponding up or down move. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5816-36, 5348, 5243, 4980
Resistances: 6171, 6357