Nifty : Nifty posted a very strong closing in the last session. Now nifty has moved into a resistance area. The price action here will decide the further course for Nifty.
A close above 10515 will be a good gesture for the bulls and price my push upto 10620 where the next resistance is placed. Longs can be trailed at 10340 levels. However a bearish price action at 10340 levels will signal resumption of the trend downwards again.