September 24, 2010, Nifty

The Nifty made a lower high and a lower low. The rally in the Nifty seems to have lost steam. We will wait to see if Nifty can find some support above 5816, if so the upmove could be renewed and Nifty 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