March 12, 2010, Nifty

Nifty broke above 5147, but only just. We could see a pull back from here for the next couple of sessions, but after that Nifty could go higher. We will stay long.
Trading Strategy: Stay long with stop loss at 5068. If 5068 is broken, go short.
Supports: 4806-14, 4766, 4675
Resistances: 5133, 5311