October 15, 2009, Nifty

The nifty continued its up-move today. We will follow the up-move and move our stop loss up. The nifty broke is recent high of 5111. If it is able to hold above this we could see up move continue.
Trading Strategy: Stay long, with stop loss at 5054.
Supports: 4921-4935, 4783, 4580,
Resistances: 5111, 5167