June 30, 2011, Nifty

THe Nifty made a higher high and a higher low. It was a positive move after a doji candle and also broke the resitance at 5608. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 5243.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980