June 17, 2010, Nifty

The market has just opened and the Nifty is at 5227.
Nifty made a higher high and a higher low yesterday. We thing the up move could have some legs if the Nifty can stay above 5213. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 5170.
Supports: 4960-4985, 4700
Resistances: 5213, 5342