July 21, 2010, Nifty

Nifty made a higher high and a lower low. We will stay long. Nifty candles are getting bigger indicating increase in volatility. This is usually indicative of a downtrend setting in.
Trading Strategy: Stay long with a stop loss at 5300.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400