June 07, 2011, Nifty

The Nifty made a lower high and a lower low. However it hit our stop loss on Friday and we closed our position. We will go short again, with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 5605.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980