March 05, 2010, Nifty

Nifty made a higher high and a higher low. However it was a hammer candle. This indicates a possible end to the uptrend. We will stay long, but keep stop losses strict and be prepared to switch to short.
Trading Strategy: Stay long, move stop loss to 5050
Supports: 4806-14, 4766, 4675
Resistances: 5133