Nifty hits target 5180- Road ahead appears strong- Trade long, but with a lots of caution.

As we had been pointing out Nifty had finally surpassed its resistance of 5180 today and as such the indices are looking extremely strong. Nifty resistance and Targets for 17.3.2010 are 5227-5250-5300. Play long till the major resistances and first signs of weakness.