June 16, 2010, Nifty

Nifty moved up a touch on Tuesday. The resistance at 5213 was broken. We will stay long and move our stop loss up. The next big resistance is at 5342. However we could see a typical pull back on which is common immediately after a resistance is broken. Trading Strategy: Stay long, move stop loss up to 5120.
Supports: 4960-4985, 4700
Resistances: 5213, 5342