June 11, 2010, Nifty

Nifty seems to be holding above the 4960-85 support zone. If the support can hold over the next few sessions, we could see a renewed up move. We will take a risky long position.
Trading Strategy: Go long with a stop loss at 4960.
Supports: 4960-4985, 4700
Resistances: 5213, 5342