March 17, 2010, Nifty

Nifty made a higher high and a higher low. It was a strong sharp move above 5133. Our patience in staying long was rewarded. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 5101.
Supports: 5101, 4806-14, 4766
Resistances: 5133, 5311