September 23, 2010, Nifty

The Nifty made a higher high and a lower low. It took support from teh 5 day moving and average and this could be an important support. If Nifty is able to hold above this it could go all the way to the previous high of 6357.
We will stay long.
Trading Strategy: Stay long with stop loss at 5816.
Supports: 5816, 5415, 5345-55
Resistances: 6357