January 30, 2012, Nifty

Nifty made a higher high and a higher low, but it was a hammer candle, indicating a possible trend reversal. We will stay long, but move stop loss up.
Trading Strategy: Stay long, with a stop loss at 5-21.
Resistances: 5169, 5608
Supports: 5021, 4827, 4795, 4588,4531,