March 10, 2010, Nifty

Nifty made a lower high and a higher low. It was an inside day. This indicates a possible trend reversal. We will stay long, but keep stop losses strict and be prepared to switch to short.
Trading Strategy: Stay long, move stop loss to 5068. If 5068 is broken, go short.
Supports: 4806-14, 4766, 4675
Resistances: 5133, 5311