February 20, 2012, Nifty

Nifty made higher high and a lower low. The failure to clear 5608 is a negative signal. We will keep stop losses strict, but we will stay long.
Trading Strategy: Stay long, move stop loss up to 5325.
Resistances: 5608
Supports: 5325, 5205, 5021, 4827, 4795, 4588,4531