July 27, 2010, Nifty

The market opened a touch up, but is now flat.
It looks like the rally is losing steam. Nifty made a lower high and a lower low. We will stay long.
Trading Strategy: Stay long, move stop loss up to 5354.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400, 5478