July 21, 2009, Nifty

Nifty made a higher high and a higher low. It also broke the resistance at 4440. We will now look to see if Nifty can make a new high in the next few weeks, or if it will settle into a trading range. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 4378
Supports: 4378, 3919, 3877
Resistances: 4509-10, 4680